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Oracle Cost Management Cloud 2023 Implementation Essentials: 1z0-1074-23 Exam
"Oracle Cost Management Cloud 2023 Implementation Essentials", also known as 1z0-1074-23 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 80 Q&As to your 1z0-1074-23 Exam preparation. In the 1z0-1074-23 exam resources, you will cover every field and category in Cost Management Cloud Certification helping to ready you for your successful Oracle Certification.
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Standard Costs | 15% | - Manage scenarios and rates - Create and roll up costs - Analyze variances |
| Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
| Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Receipt Accounting | 20% | - Configure accrual options - Processes and reporting - Overview and work area |
| Cost Accounting | 25% | - Processing and daily tasks - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual |
| Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Shipping
- B. Purchasing
- C. Financial Orchestration
- D. Order Management
- E. Inventory
Answer: C
Which two rules determine whether a condition has been met for accounting rules?
- A. When the condition is met, the rule associated with that priority is used.
- B. The conditions are evaluated in the sequence they are defined in the accounting rule.
- C. Use parenthesis to control the order of the condition evaluation.
- D. After all conditions are tested, the final resulting value is used.
- E. Priorities determine the order in which accounting rule conditions are examined.
Answer: A,E
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Costing -Receipt Accounting Real Time
- B. Costing-Cost Accounting Real Time
- C. Receipt Accounting- Receipt Accounting Distributions Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Receipt Accounting-- Receipt Accounting Transactions Real Time
Answer: D
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. It will use the work definition with the January 2, 2016 effective date.
- C. It must always use the work definition with the October 1, 2015 effective date.
- D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
Answer: D
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- B. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- D. They must create their valuation units manually.
Answer: A
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