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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three Landed Cost Management tasks.

A) Create Accounting
B) Perform Allocations
C) Manage Cost Scenarios
D) Review Journal Entries
E) View Rolled Up Costs
F) Capture Charges

2. Identify four characteristics of a cost element.

A) It uses date effectivity.
B) The mapping of cost components into cost elements is user-defined.
C) It is user-defined.
D) It is the granularity at which costs are tracked and accounted.
E) Users can define any number of cost elements.
F) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

3. Identify four processors available in the cost processor.

A) Cost Distribution Processor
B) Cost Reports Processor
C) Receipt Processor
D) Cost Accounting Processor
E) Costing Period Processor
F) Cost of Goods Sold Processor

4. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Copy and rename predefined subledger journal entry rule sets before modifying them.
B) Journal entry rule sets do not require accounting rules.
C) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
D) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E) Use a different journal entry rule set for each ledger with a different accounting convention.

5. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Routes
B) Trade Operation Templates
C) Reference Types
D) Trade Operation
E) Charge Name

Solutions: