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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which four steps need to be completed to establish standard costs for a make item?

A) Export item costs
B) Publish costs
C) Add standard costs to a cost scenario
D) Complete cost roll-up
E) Create a new cost scenario
F) Run preprocessor

2. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn off merge matching lines in the journal line rule.
B) Extract distribution accounting entries.
C) Turn on detailed posting for GL in the ledger setup.
D) Write a custom report.
E) Turn off the summarize flag in the journal line rule.

3. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Legal Entity and Cost Organization
B) Business Unit and Inventory Organization
C) Inventory Organization and Cost Organization
D) Inventory Organization and Legal Entity
E) Business Unit and Legal Entity
F) Business Unit and Cost Organization

4. Identify two purposes of Sub ledger Accounting.

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

5. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
D) It can help you with consolidated financial reporting.
E) It is only used when you do not need to maintain an arm's length relationship.

Solutions: