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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A) The application will use the work definition that is named Plan B.
B) The cost planning scenario will use both work definitions for the item.
C) The scenario will choose the work definition that is production priority 1.
D) The application will generate an error because there are two work definitions for the same item.
E) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

2. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Cost Organization
B) Business Unit and Legal Entity
C) Business Unit and Inventory Organization
D) Legal Entity and Cost Organization
E) Inventory Organization and Legal Entity
F) Inventory Organization and Cost Organization

3. Select the two valid relationships between subledger components.

A) Journal entry rules are used to hold accounting rules.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) The journal lines hold the journal entry rule sets.
D) The accounting method groups journal entry rule sets by Event Class and Event Type.
E) Journal entry rule sets hold journal rules and accounting rules.

4. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Adjustments
B) In-transit
C) Cost of Goods Sold
D) Overhead
E) Retro-reprice

5. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
B) They must create their valuation units manually.
C) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
D) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Solutions: