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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Overhead
B) Retro-reprice
C) In-transit
D) Cost of Goods Sold
E) Adjustments

2. Identify three characteristics of cost component to cost element mapping.

A) It lets you define how cost component level costs will map into cost elements.
B) You can only define one cost component to cost element mapping for an installation.
C) It is one of the attributes you define as part of your cost profile definitions.
D) It is user-defined.
E) You cannot modify, duplicate, or create user-defined cost components.

3. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Every cost organization must use different book names; they cannot be shared.
C) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D) A cost organization has one book that posts to the primary ledger.

4. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Inventory Account Balances Report
B COGS Account Balances Report
B) Costing Balances Report
C) Revenue and COGS Matching Report
D) Inventory Valuation Report

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

A) Legal Entity and Cost Organization
B) Inventory Organization and Legal Entity
C) Inventory Organization and Cost Organization
D) Business Unit and Inventory Organization
E) Business Unit and Legal Entity
F) Business Unit and Cost Organization

Solutions: