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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Accounts Payable role for the correct cost organization.
B. Create Data Access on the Cost Accountant role for the correct inventory organization.
C. Create Data Access on the Cost Accountant role for the correct cost organization.
D. Create Data Access on the Accounts Payable role for the correct inventory organization.

Question 2

Which three features are included in Receipt Accounting?

A. Create Receipt Accounting Distribution
B. Adjust Receipt Accrual Clearing Balances
C. Review Item Costs
D. Analyze Standard Purchase Cost Variances
E. Review Journal Entries

Question 3

At what level can you define item cost profiles?

A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
B. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
C. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
D. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Question 4

Which four steps need to be completed to establish standard costs for a make item?

A. Export item costs
B. Add standard costs to a cost scenario
C. Publish costs
D. Create a new cost scenario
E. Run preprocessor
F. Complete cost roll-up

Question 5

Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Scrap Costs
B. Variable Costs
C. Input Costs
D. Output Costs
E. Incremental Costs
F. Standard Cost variances

Solutions: