Free Oracle 1z0-1074-23 Practice Test & Real Exam Questions

Exam Code/Number: 1z0-1074-23
Exam Name/Title: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud

Exam Questions: 80
Updated On: Jun 12, 2026

Question #1

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

A. Journal entry rule sets do not require accounting rules.

B. Use a different journal entry rule set for each ledger with a different accounting convention.

C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.

D. Copy and rename predefined subledger journal entry rule sets before modifying them.

E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.

Discussion 0

Correct Answer: C,E Vote an answer

Question #2

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

C. Reference Types

D. Trade Operation Templates

E. Charge Name

Discussion 0

Correct Answer: E Vote an answer

Question #3

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Product Model

B. Inventory Management

C. Cost Accounting

D. Receipt Accounting

E. Landed Cost Management

Discussion 0

Correct Answer: B Vote an answer

Question #4

You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Grade, Subinventory, Locator, Serial

B. Subinventory, Lot, Serial, Locator

C. Subinventory. Lot, Serial, Grade

D. Subinventory, Make, Lot, Serial

E. Grade, Serial, Group, Lot

Discussion 0

Correct Answer: C Vote an answer

Question #5

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

B. The liability for a consigned item occurs when there is an ownership event.

C. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

D. There is no difference between owned inventory and consigned inventory.

E. The quantity is tracked in inventory but not as an asset until there is an ownership event

F. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question #6

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A. Business Unit and Inventory Organization

B. Inventory Organization and Cost Organization

C. Business Unit and Cost Organization

D. Inventory Organization and Legal Entity

E. Legal Entity and Cost Organization

F. Business Unit and Legal Entity

Discussion 0

Correct Answer: A Vote an answer

Question #7

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 that have a mapping set to convert the accounts

B. Rule sets that use the same chart of accounts

C. Rule sets assigned to a secondary ledger with a different COA

D. Rule sets where the accounting rules override the method rule set

E. Rule sets not associated with any chart of accounts

Discussion 0

Correct Answer: B,E Vote an answer

Question #8

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A. Financials-Subledger Accounting-Detail Transactions

B. Receipt Accounting-- Receipt Accounting Transactions Real Time

C. Receipt Accounting- Receipt Accounting Distributions Real Time

D. Costing-Cost Accounting Real Time

E. Costing -Receipt Accounting Real Time

Discussion 0

Correct Answer: A Vote an answer

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