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

1z0-1074-23 pass collection

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Jul 21, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Cost Accounting25%- Setup: organizations, books, elements
- Costing methods: standard, perpetual, actual
- Processing and daily tasks
Landed Cost Management10%- Overview and configuration
- Manage charges and routes
Receipt Accounting20%- Processes and reporting
- Overview and work area
- Configure accrual options
Subledger Accounting10%- Account rules and journal setups
- Accounting methods and exceptions
Managerial Accounting Overview15%- Explain cost accounting and integration
- Identify key implementation decisions
Standard Costs15%- Create and roll up costs
- Manage scenarios and rates
- Analyze variances
Project Enabled Supply Chain5%- Project work order costing
- Configuration overview

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their Receipt Accounting processes that show whether any processes failed and why.
B) Review their audit receipt accrual clearing balances.
C) Review their accrual balances and clear them.
D) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
E) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.


2. How is the standard cost of a manufactured configured item calculated?

A) The standard cost is calculated for every possible combination of options under a model
B) It is based on the actual cost of the work order after it is completed.
C) The standard cost of a model item is calculated.
D) It is based on the material and resource requirements of a released work order.


3. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A) Routes
B) Cost Scenario
C) Charge Name
D) Trade Operation
E) Orders


4. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Bill of Lading
B) Internal requisition number
C) Expense invoice number
D) Receipt number
E) Shipment number


5. Identify two characteristics of a cost profile.

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


Solutions:

Question # 1
Answer: C,D
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: A,E
Question # 5
Answer: B,C

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