Oracle 1z0-1074-23 Questions & Answers - in .pdf
- Total Q&A: 80
- Update: Aug 02, 2026
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- Vendor: Oracle
- Exam Code: 1z0-1074-23
- Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
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Oracle 1z0-1074-23 Q&A - Testing Engine
- Total Q&A: 80
- Update: Aug 02, 2026
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- Vendor: Oracle
- Exam Code: 1z0-1074-23
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|
| Topic 1: Cost Accounting and Processing | - Period close and cost rollup
- Cost accounting distributions
- Cost calculation processes
|
| Topic 2: Setup and Configuration | - Inventory valuation setup
- Cost organization and cost profiles setup
- Costing methods configuration
|
| Topic 3: Inventory and Work Order Costing | - Manufacturing and work order costing
- Inventory transactions costing
|
| Topic 4: Reporting and Analysis | - Cost reconciliation and audit
- Cost analysis reports
|
| Topic 5: Cost Management Cloud Overview | - Integration with Oracle SCM Cloud
- Key business processes and architecture
|
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) Activate its journal entry rule set assignments.
B) Transfer costs to Cost Management.
C) Execute the Preprocessor.
D) Create Accounting.
E) Transfer transactions from Receiving to Costing.
2. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
A) Debit Expense, Credit Expense Accrual
B) Debit Charge Account (expense or inventory), Credit Receiving Inspection
C) Debit Accrued Liability, Credit Accounts Payable
D) Debit Expense, Credit Receiving Inspection
E) Debit Receiving Inspection, Credit Accrued Liability
3. At what level can you define item cost profiles?
A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
C) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
4. 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 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.
D) 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.
5. Which two outcomes can happen in create accounting when an account combination returned is end dated?
A) The original account is stored on the journal line.
B) An alternate account will be used if provided.
C) An error will always occur.
D) The preprocessor will pre-warn about this error.
E) Suspense accounts cannot be used.
Solutions:
Question # 1
Answer: A | Question # 2
Answer: B | Question # 3
Answer: C | Question # 4
Answer: C | Question # 5
Answer: A,B |
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