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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1Z0-1074-23 |
| Real Exam Qty: | 55 (approx.) |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle SCM Cloud Certifications Oracle Cost Management Cloud Implementation Professional |
| Passing Score: | ~68% |
| Available Languages: | English |
| Exam Price: | USD 245 (may vary by country/region) |
| Certificate Validity Period: | 18 months (Oracle certification policy may vary by track) |
| Recommended Training: | Oracle SCM Cloud Learning Path Oracle University Cost Management Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or testing center (Pearson VUE) |
| Pre Condition: | Basic understanding of Oracle SCM Cloud and financial/cost accounting concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
| Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
| Setup and Configuration | - Inventory valuation setup - Costing methods configuration - Cost organization and cost profiles setup |
| Cost Accounting and Processing | - Cost calculation processes - Period close and cost rollup - Cost accounting distributions |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Identify four characteristics of a cost element.
- A. Users can define any number of cost elements.
- B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- C. It is user-defined.
- D. The mapping of cost components into cost elements is user-defined.
- E. It uses date effectivity.
- F. It is the granularity at which costs are tracked and accounted.
Correct Answer: B,C,D,E 🗳️
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. Purchase order information should not be imported into Receipt Accounting.
- B. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- C. You do not have the role to import purchase order information into Receipt Accounting.
- D. This process can only be scheduled and run from the Receipt Accounting work area
- E. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
Correct Answer: B 🗳️
Identify two characteristics of an expense pool. (Choose two.)
- A. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- B. It is used only for analyzing gross margins on noninventory sales of services.
- C. You can define the name of your expense pool, but you cannot define more than one.
- D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
Correct Answer: A,D 🗳️
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
- A. Create a secondary ledger to track gain/loss.
- B. Subledger Accounting is already set up to process it.
- C. Turn on the Subledger Gain or Loss Option.
- D. Create a foreign reporting currency to track gain/loss.
Correct Answer: C 🗳️
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The item has no on-hand inventory.
- B. The Work Definition is incomplete.
- C. Burdens have not been established for the item
- D. Outstanding purchase orders have not been received.
- E. The assembly item is marked as Perpetual Average costed.
Correct Answer: B,E 🗳️
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