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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Review Item Costs
B. Analyzing and Comparing Costs
C. Manage Resource Rates
D. Estimating Standard Costs for Assemblies
E. Review Work Order Costs
F. Management Cost Accounting Periods

Question 2

Identify two purposes of Sub ledger Accounting.

A. to maintain backward compatibility
B. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
C. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
D. to centralize accounting string generation across all modules
E. to calculate costs for transactions

Question 3

Identify the four types of cost adjustments.

A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
B. Authorized users can manually create cost adjustments.
C. A standard cost update will create an inventory value adjustment.
D. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
E. A change to a requisition after the purchase order has been created will create a cost adjustment.
F. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

Question 4

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

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

Question 5

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

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

Solutions: