Oracle 1z0-1074-23 : Oracle Cost Management Cloud 2023 Implementation Essentials

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Oct 24, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Accounting and Processing- Cost accounting distributions
- Period close and cost rollup
- Cost calculation processes
Topic 2: Cost Management Cloud Overview- Integration with Oracle SCM Cloud
- Key business processes and architecture
Topic 3: Setup and Configuration- Costing methods configuration
- Inventory valuation setup
- Cost organization and cost profiles setup
Topic 4: Inventory and Work Order Costing- Inventory transactions costing
- Manufacturing and work order costing
Topic 5: Reporting and Analysis- Cost analysis reports
- Cost reconciliation and audit

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Identify four processors available in the cost processor.

  • A. Costing Period Processor
  • B. Receipt Processor
  • C. Cost of Goods Sold Processor
  • D. Cost Distribution Processor
  • E. Cost Accounting Processor
  • F. Cost Reports Processor
Reveal Solution  Discussion  0

Correct Answer: C,D,E,F  🗳️

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Question #2

What are three cost method choices that are available in Cost Accounting?

  • A. Periodic average cost
  • B. Perpetual average cost
  • C. Actual cost (FIFO or First In First Out)
  • D. Period end average cost
  • E. Actual cost (LIFO or Last In First Out)
  • F. Standard cost
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

Question #3

Identify two purposes of Sub ledger Accounting.

  • A. to calculate costs for transactions
  • B. to maintain backward compatibility
  • C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
  • D. to centralize accounting string generation across all modules
  • E. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #4

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

  • A. Financial Orchestration
  • B. Inventory
  • C. Order Management
  • D. Shipping
  • E. Purchasing
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

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

  • A. Every cost organization must use different book names; they cannot be shared.
  • B. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
  • C. A cost organization has one book that posts to the primary ledger.
  • D. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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