Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Setup and Configuration | - Inventory valuation setup - Costing methods configuration - Cost organization and cost profiles setup |
| Cost Management Cloud Overview | - Integration with Oracle SCM Cloud - Key business processes and architecture |
| Cost Accounting and Processing | - Period close and cost rollup - Cost calculation processes - Cost accounting distributions |
| Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
- A. The cost planning scenario will use both work definitions for the item.
- B. The application will generate an error because there are two work definitions for the same item.
- C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
- D. The application will use the work definition that is named Plan B.
- E. The scenario will choose the work definition that is production priority 1.
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory, Lot, Serial, Locator
- B. Subinventory. Lot, Serial, Grade
- C. Grade, Subinventory, Locator, Serial
- D. Subinventory, Make, Lot, Serial
- E. Grade, Serial, Group, Lot
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Assign accruals to purchase order transactions.
- B. Transfer to Sub ledger Accounting.
- C. Transfer transactions from payables.
- D. Transfer transactions from receiving.
- E. Create distributions.
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. Costing -Receipt Accounting Real Time
- B. Receipt Accounting-- Receipt Accounting Transactions Real Time
- C. Receipt Accounting- Receipt Accounting Distributions Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Costing-Cost Accounting Real Time
What are three cost method choices that are available in Cost Accounting?
- A. Periodic average cost
- B. Perpetual average cost
- C. Actual cost (FIFO or First In First Out)
- D. Standard cost
- E. Period end average cost
- F. Actual cost (LIFO or Last In First Out)
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