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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipt Accounting | 20% | - Configure accrual options - Overview and work area - Processes and reporting |
| Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Standard Costs | 15% | - Manage scenarios and rates - Create and roll up costs - Analyze variances |
| Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
| Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
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 with consolidated financial reporting.
- 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 understand true margins and value added by internal business units through the internal supply chain.
Correct Answer: A,B,E 🗳️
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?
- A. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- B. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
- C. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
- D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
- F. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
Correct Answer: E 🗳️
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. Every accounting method should have a COA.
- B. When account combination rules use constants
- C. When using ledgers that have unique accounting requirements
- D. When using account combination rules
- E. When using segment rules
Correct Answer: A,E 🗳️
Which two types of costs are included in the cost of contract manufactured items?
- A. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- 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. The cost of resources consumed at the OEM's factory
Correct Answer: B,D 🗳️
Identify two characteristics of a cost profile.
- A. It is where you define which cost method you want to use for the cost component to cost element mapping.
- B. It is used for Receipt Accounting.
- C. It is where you define your Cost Accounting policies.
- D. It is used for calculating the estimated cost of manufactured items under different scenarios.
Correct Answer: B,C 🗳️
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