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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1z0-1074-23 |
| Exam Format: | Multiple Choice |
| Passing Score: | 62% |
| Certificate Validity Period: | 18 months |
| Available Languages: | English, Japanese, Korean, Simplified Chinese |
| Real Exam Qty: | 55 |
| Exam Duration: | 90 minutes |
| Exam Price: | USD $245 |
| Related Certifications: | Oracle Supply Chain Management Cloud Oracle Financials Cloud |
| Recommended Training: | Become a Certified Cost Management Implementer |
| Exam Registration: | Oracle University Exam Registration Pearson VUE Scheduling |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; recommended experience with Oracle SCM/Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1074-23/pexam_1Z0-1074-23 |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Topic 2: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Topic 3: Receipt Accounting | 20% | - Processes and reporting - Overview and work area - Configure accrual options |
| Topic 4: Standard Costs | 15% | - Analyze variances - Create and roll up costs - Manage scenarios and rates |
| Topic 5: Cost Accounting | 25% | - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual - Processing and daily tasks |
| Topic 6: Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Topic 7: Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
A) Trade Operation
B) Reference Types
C) Routes
D) Trade Operation Templates
E) Charge Name
2. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A) Receipt Accounting Real Time Report
B) Accrual Reconciliation Report
C) Accrual Clearing Report
D) Uninvoiced Receipt Accrual Report
E) Accrual Supplier Liability Report
3. Which two rules determine whether a condition has been met for accounting rules?
A) Use parenthesis to control the order of the condition evaluation.
B) After all conditions are tested, the final resulting value is used.
C) When the condition is met, the rule associated with that priority is used.
D) The conditions are evaluated in the sequence they are defined in the accounting rule.
E) Priorities determine the order in which accounting rule conditions are examined.
4. Identify two characteristics of an expense pool. (Choose two.)
A) It is used only for analyzing gross margins on noninventory sales of services.
B) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) You can define the name of your expense pool, but you cannot define more than one.
5. Identify three characteristics of cost component to cost element mapping.
A) It is one of the attributes you define as part of your cost profile definitions.
B) You cannot modify, duplicate, or create user-defined cost components.
C) It is user-defined.
D) It lets you define how cost component level costs will map into cost elements.
E) You can only define one cost component to cost element mapping for an installation.
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: B | Question # 3 Answer: C,E | Question # 4 Answer: B,C | Question # 5 Answer: A,C,D |
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