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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two characteristics of Landed Cost charge names.

A) Charge names cannot be associated with a PO schedule.
B) Duty is a seeded charge name for Landed Cost.
C) You can use multiple currencies within a trade operation for the same charge name on different lines.
D) Charge names cannot be used to tie an invoice to a trade operation.
E) You can modify a charge name until it is associated with a trade operation.

2. Select the two valid relationships between subledger components.

A) The journal lines hold the journal entry rule sets.
B) Journal entry rule sets hold journal rules and accounting rules.
C) The accounting method holds the accounting rules by Event Class and Event Type.
D) The accounting method groups journal entry rule sets by Event Class and Event Type.
E) Journal entry rules are used to hold accounting rules.

3. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
B) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.
C) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
D) Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
E) Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

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

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

5. Identify four processors available in the cost processor.

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

Solutions: