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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Identify the four types of cost adjustments.

A. Authorized users can manually create cost adjustments.
B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
C. A standard cost update will create an inventory value adjustment.
D. A change to a requisition after the purchase order has been created will create a cost adjustment.
E. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Question 2

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
B. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
D. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
E. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

Question 3

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A. Journal Entries
B. Inventory Valuation
C. Item Costs
D. Purchase Variance Summary
E. Cost Processing
F. Work Order Costs

Question 4

Identify four characteristics of a cost element.

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

Question 5

A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When using segment rules
B. When using ledgers that have unique accounting requirements
C. Every accounting method should have a COA.
D. When using account combination rules
E. When account combination rules use constants

Solutions: