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Oracle 1z0-1074-23 Exam Syllabus Topics:

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) Transfer transactions from Receiving to Costing.
B) Transfer costs to Cost Management.
C) Create Accounting.
D) Activate its journal entry rule set assignments.
E) Execute the Preprocessor.

2. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) They must create their valuation units manually.
B) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

3. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Purchase order costs; item catalog costs can be used.
B) Requisition costs; validated costs can be used.
C) Payables invoices; invoice price variance can be added to item cost.
D) Receipt costs; costs include adjustments.
E) Receivables invoices; actual cost can be used.

4. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) Cost Accounting Valuation Report
B) Layer Inventory Valuation Report
C) Costing Account Balances Report
D) Work in Process Inventory Valuation Report
E) Inventory Valuation Report
F) COGS and Revenue Matching Report
G) In-transit Valuation Report

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

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

Solutions: