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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Receipt Accounting | 20% | - Configure accrual options - Overview and work area - Processes and reporting |
| Topic 2: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Topic 3: Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Topic 4: Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Topic 5: Standard Costs | 15% | - Create and roll up costs - Analyze variances - Manage scenarios and rates |
| Topic 6: Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Topic 7: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question 1
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
A. Adjustments
B. Overhead
C. Cost of Goods Sold
D. In-transit
E. Retro-reprice
Question 2
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
A. Transfer costs to Cost Management.
B. Execute the Preprocessor.
C. Transfer transactions from Receiving to Costing.
D. Create Accounting.
E. Activate its journal entry rule set assignments.
Question 3
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
A. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
C. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
D. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
E. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
Question 4
Identify four characteristics of a cost element.
A. The mapping of cost components into cost elements is user-defined.
B. It is user-defined.
C. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D. It uses date effectivity.
E. Users can define any number of cost elements.
F. It is the granularity at which costs are tracked and accounted.
Question 5
Which statement is true regarding the cost cutoff date in Cost Accounting?
A. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
B. It only affects whether or not you can process a cost adjustment.
C. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
D. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
Solutions:
| Question 1 Answer: D | Question 2 Answer: E | Question 3 Answer: B | Question 4 Answer: A,B,C,D | Question 5 Answer: D |
