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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two statements are true about Cost Accounting books? (Choose two.)

A) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
B) Every cost organization must use different book names; they cannot be shared.
C) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
D) A cost organization has one book that posts to the primary ledger.

2. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
B) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
C) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
E) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

3. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Receivables invoices; actual cost can be used.
B) Receipt costs; costs include adjustments.
C) Requisition costs; validated costs can be used.
D) Payables invoices; invoice price variance can be added to item cost.
E) Purchase order costs; item catalog costs can be used.

4. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) When using segment rules
B) When using account combination rules
C) Every accounting method should have a COA.
D) When using ledgers that have unique accounting requirements
E) When account combination rules use constants

5. Identify two characteristics of a cost profile.

A) It is used for Receipt Accounting.
B) It is where you define your Cost Accounting policies.
C) It is where you define which cost method you want to use for the cost component to cost element mapping.
D) It is used for calculating the estimated cost of manufactured items under different scenarios.

Solutions: