1z0-1074-23 exam dumps

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  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • No. of Questions: 80 Questions and Answers
  • Updated: Sep 13, 2026

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Receipt and Acquisition Costing- Procurement Costing
  • 1. Process acquisition costs
  • 2. Analyze landed cost impacts
  • 3. Manage purchase order receipt costing
Cost Period Close and Reporting- Period-End Activities
  • 1. Reconcile inventory and accounting balances
  • 2. Execute cost accounting period close
  • 3. Generate cost management reports
Cost Management Foundations- Cost Management Architecture
  • 1. Understand Oracle Cost Management Cloud concepts
  • 2. Configure cost organizations and cost books
  • 3. Define inventory valuation structures
Troubleshooting and Analysis- Diagnostics and Exception Handling
  • 1. Review costing errors and exceptions
  • 2. Analyze transaction processing issues
  • 3. Resolve accounting and valuation discrepancies
Manufacturing Cost Management- Production Costing
  • 1. Process manufacturing cost transactions
  • 2. Manage work order costing
  • 3. Analyze resource and overhead costs
Cost Accounting- Cost Processing
  • 1. Manage transaction costing
  • 2. Configure cost accounting distributions
  • 3. Review accounting entries and cost adjustments
Inventory Costing Configuration- Cost Structures and Cost Elements
  • 1. Define cost profiles
  • 2. Manage valuation units
  • 3. Configure cost elements and cost components

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

  • A. Event Class: Period End Accrual Event Type: Period End Accrual
  • B. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
  • C. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
  • D. Event Class: Expense Accrual Event Type: Expense Accrual
  • E. Event Class: Expense Accrual Event Type: Period End Accrual
Answer: A

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

  • A. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
  • B. There is no difference between owned inventory and consigned inventory.
  • C. The liability for a consigned item occurs when there is an ownership event.
  • D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
  • E. The quantity is tracked in inventory but not as an asset until there is an ownership event
  • F. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
Answer: A,B,C,F

Identify two ways that standard cost is calculated.

  • A. Users must manually enter the cost of each configured item; the calculation is not automated.
  • B. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
  • C. The cost of a configured item is calculated based on the work definition of the model item.
  • D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
  • E. The standard cost is the sum of the cost of the selected option items.
Answer: D,E

Identify two characteristics of Landed Cost charge names.

  • A. You can modify a charge name until it is associated with a trade operation.
  • B. You can use multiple currencies within a trade operation for the same charge name on different lines.
  • C. Duty is a seeded charge name for Landed Cost.
  • D. Charge names cannot be associated with a PO schedule.
  • E. Charge names cannot be used to tie an invoice to a trade operation.
Answer: A,B

Which two types of costs are included in the cost of contract manufactured items?

  • A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
  • B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
  • C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
  • D. The cost of the contract manufacturing service Item. This is the price that the contract
  • E. The cost of resources consumed at the OEM's factory
Answer: A,B

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