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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

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

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

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

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.

Solutions: