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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
C) A cost organization has one book that posts to the primary ledger.
D) Every cost organization must use different book names; they cannot be shared.

2. At what level can you define item cost profiles?

A) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
B) 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.
C) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

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

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

4. 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) It uses date effectivity.
C) The mapping of cost components into cost elements is user-defined.
D) Users can define any number of cost elements.
E) It is the granularity at which costs are tracked and accounted.
F) It is user-defined.

5. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

A) Review errors in the Create Accounting Execution log.
B) Review errors in the Create Accounting Execution report.
C) Refer to the Accounting Event Diagnostic Log.
D) Refer to the Accounting Event Diagnostic report.
E) Query the transaction from Review Cost Accounting Distributions to see the error message.

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