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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A) Accrual Reconciliation Report
B) Accrual Clearing Report
C) Uninvoiced Receipt Accrual Report
D) Receipt Accounting Real Time Report
E) Accrual Supplier Liability Report

2. 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) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
D) They must create their valuation units manually.

3. Identify three Landed Cost Management tasks.

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

4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Transfer Costs from Payables to Cost Management process.
B) Run the Create Accounting process.
C) Run the Clear Receipt Accrual Balances process.
D) Run the Transactions from Procurement to Costing process.
E) Run the Transactions from Receiving to Costing process.

5. What are three cost method choices that are available in Cost Accounting?

A) Actual cost (LIFO or Last In First Out)
B) Standard cost
C) Perpetual average cost
D) Period end average cost
E) Actual cost (FIFO or First In First Out)
F) Periodic average cost

Solutions: