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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 |
| Available Languages: | English |
| Exam Price: | USD 245 (may vary by country/region) |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle SCM Cloud Certifications Oracle Cost Management Cloud Implementation Professional |
| Passing Score: | ~68% |
| Real Exam Qty: | 55 (approx.) |
| 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 |
|---|---|
| Topic 1: Setup and Configuration | - Cost organization and cost profiles setup - Costing methods configuration - Inventory valuation setup |
| Topic 2: Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Topic 3: Reporting and Analysis | - Cost analysis reports - Cost reconciliation and audit |
| Topic 4: Cost Accounting and Processing | - Cost calculation processes - Period close and cost rollup - Cost accounting distributions |
| Topic 5: Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. It will use the work definition with the January 2, 2016 effective date.
- D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
Correct Answer: D 🗳️
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. You can define the name of your expense pool, but you cannot define more than one.
- C. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- D. It is used only for analyzing gross margins on noninventory sales of services.
Correct Answer: A,C 🗳️
Identify three Landed Cost Management tasks.
- A. View Rolled Up Costs
- B. Capture Charges
- C. Perform Allocations
- D. Manage Cost Scenarios
- E. Review Journal Entries
- F. Create Accounting
Correct Answer: B,C,F 🗳️
Explanation: Only visible for Pass4training members. You can sign-up / login (it's free).
Which three features are included in Receipt Accounting?
- A. Create Receipt Accounting Distribution
- B. Adjust Receipt Accrual Clearing Balances
- C. Analyze Standard Purchase Cost Variances
- D. Review Item Costs
- E. Review Journal Entries
Correct Answer: A,B,E 🗳️
Explanation: Only visible for Pass4training members. You can sign-up / login (it's free).
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of resources consumed at the OEM's factory
- B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
- C. The cost of the contract manufacturing service Item. This is the price that the contract
- D. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
Correct Answer: B,D 🗳️
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