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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

2. 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) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
B) This process can only be scheduled and run from the Receipt Accounting work area
C) You do not have the role to import purchase order information into Receipt Accounting.
D) Purchase order information should not be imported into Receipt Accounting.
E) Purchase order information is automatically sent to Receipt Accounting using a real-time method

3. Identify two ways that standard cost is calculated.

A) The cost of a configured item is calculated based on the work definition of the model item.
B) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
C) The standard cost is the sum of the cost of the selected option items.
D) Users must manually enter the cost of each configured item; the calculation is not automated.
E) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

4. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Use a different journal entry rule set for each ledger with a different accounting convention.
B) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E) Journal entry rule sets do not require accounting rules.

5. 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.

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