- Exam Code: 1z0-1074-23
- Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
- Updated: Sep 17, 2026
- Q & A: 80 Questions and Answers
Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23 exam
PDF Version DemoAbout Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23 Exam Questions
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
| Setup and Configuration | - Inventory valuation setup - Costing methods configuration - Cost organization and cost profiles setup |
| Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
| Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Cost Accounting and Processing | - Cost accounting distributions - Cost calculation processes - Period close and cost rollup |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question #1
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. Outstanding purchase orders have not been received.
- B. The item has no on-hand inventory.
- C. The assembly item is marked as Perpetual Average costed.
- D. Burdens have not been established for the item
- E. The Work Definition is incomplete.
Correct Answer: C,E 🗳️
Question #2
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Cost Processing
- B. Purchase Variance Summary
- C. Item Costs
- D. Journal Entries
- E. Inventory Valuation
- F. Work Order Costs
Correct Answer: B,E,F 🗳️
Question #3
Identify four characteristics of a cost element.
- A. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- B. The mapping of cost components into cost elements is user-defined.
- C. It is user-defined.
- D. Users can define any number of cost elements.
- E. It is the granularity at which costs are tracked and accounted.
- F. It uses date effectivity.
Correct Answer: A,B,C,F 🗳️
Question #4
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their Receipt Accounting processes that show whether any processes failed and why.
- B. Review their accrual balances and clear them.
- C. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- D. Review their audit receipt accrual clearing balances.
- E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
Correct Answer: B,C 🗳️
Question #5
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method may only be used by ledgers without a COA.
- B. The accounting method must have a mapping set to convert the accounts.
- C. Accounting rules cannot override the accounting method.
- D. Any secondary ledger that uses the method cannot have a COA.
- E. The accounting method can be assigned to any ledger.
Correct Answer: E 🗳️
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