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Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23
- Exam Code: 1z0-1074-23
- Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
- Updated: Sep 11, 2026
- Q&As: 80 Questions and Answers
About Oracle 1z0-1074-23 Real Exam
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Topic 2: Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Topic 3: Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Topic 4: Standard Costs | 15% | - Analyze variances - Create and roll up costs - Manage scenarios and rates |
| Topic 5: Receipt Accounting | 20% | - Processes and reporting - Overview and work area - Configure accrual options |
| Topic 6: Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Topic 7: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question #1
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
- A. Rule sets assigned to a secondary ledger with a different COA
- B. Rule sets that use the same chart of accounts
- C. Rule sets that have a mapping set to convert the accounts
- D. Rule sets where the accounting rules override the method rule set
- E. Rule sets not associated with any chart of accounts
Correct Answer: B,E π³οΈ
Question #2
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)
- A. Query the transaction from Review Cost Accounting Distributions to see the error message.
- B. Refer to the Accounting Event Diagnostic Log.
- C. Refer to the Accounting Event Diagnostic report.
- D. Review errors in the Create Accounting Execution log.
- E. Review errors in the Create Accounting Execution report.
Correct Answer: A,C,E π³οΈ
Question #3
Which three features are included in Receipt Accounting?
- A. Adjust Receipt Accrual Clearing Balances
- B. Review Journal Entries
- C. Analyze Standard Purchase Cost Variances
- D. Review Item Costs
- E. Create Receipt Accounting Distribution
Correct Answer: A,B,E π³οΈ
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Question #4
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Inventory Valuation
- B. Item Costs
- C. Purchase Variance Summary
- D. Journal Entries
- E. Work Order Costs
- F. Cost Processing
Correct Answer: A,C,E π³οΈ
Question #5
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. It is used only for analyzing gross margins on noninventory sales of services.
- D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
Correct Answer: B,D π³οΈ
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