Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipt Accounting | 20% | - Processes and reporting - Configure accrual options - Overview and work area |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Standard Costs | 15% | - Analyze variances - Manage scenarios and rates - Create and roll up costs |
| Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Cost Accounting | 25% | - Processing and daily tasks - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual |
| Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Perform cost account validations for August in Manage Cost Accounting Periods
- B. Close the August period; you can never have two open periods at the same time.
- C. Run the Transfer Transactions to Costing process.
- D. Change the number of maximum open periods in Manage Cost Organization Relationships
Correct Answer: D 🗳️
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Catalog/Inventory Organization/Business Unit
- B. Item Category/Material Supplier/Landed Cost Charge
- C. Business Unit/Landed Cost Charge/Cost Organization
- D. Item/Business Unit/Route
- E. Inventory Organization/Landed Cost Charge/Third Party Supplier
Correct Answer: A 🗳️
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Sub ledger accounting is set up to accomplish this out-of-the-box.
- B. Account Class must be set to Freight.
- C. Line Type must be set to Freight.
- D. Create a condition for a journal line for freight.
Correct Answer: B,C 🗳️
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- B. Create the cost in Manage Cost Scenarios.
- C. This requirement will already be met by the default data generated when using Quick Setup.
- D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
Correct Answer: C 🗳️
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Inventory Organization and Legal Entity
- B. Legal Entity and Cost Organization
- C. Business Unit and Inventory Organization
- D. Business Unit and Legal Entity
- E. Business Unit and Cost Organization
- F. Inventory Organization and Cost Organization
Correct Answer: C 🗳️
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