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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A. It can help you understand true margins and value added by internal business units through the internal supply chain.
B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
C. It is only used when you do not need to maintain an arm's length relationship.
D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
E. It can help you with consolidated financial reporting.

Question 2

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Material Receipts
B. PreReference Types
C. Charge Names
D. Trade Operation Template
E. Routes

Question 3

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

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

Question 4

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A. Receipt Accounting-- Receipt Accounting Transactions Real Time
B. Financials-Subledger Accounting-Detail Transactions
C. Receipt Accounting- Receipt Accounting Distributions Real Time
D. Costing-Cost Accounting Real Time
E. Costing -Receipt Accounting Real Time

Question 5

Identify the four types of cost adjustments.

A. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
B. A change to a requisition after the purchase order has been created will create a cost adjustment.
C. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
D. A standard cost update will create an inventory value adjustment.
E. Authorized users can manually create cost adjustments.
F. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.

Solutions: