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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Execute the Preprocessor.
B) Activate its journal entry rule set assignments.
C) Transfer transactions from Receiving to Costing.
D) Create Accounting.
E) Transfer costs to Cost Management.

2. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Expense invoice number
B) Receipt number
C) Bill of Lading
D) Shipment number
E) Internal requisition number

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

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

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

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

5. Identify four characteristics of a cost element.

A) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
B) The mapping of cost components into cost elements is user-defined.
C) It is user-defined.
D) It is the granularity at which costs are tracked and accounted.
E) It uses date effectivity.
F) Users can define any number of cost elements.

Solutions: