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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. 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

2. Which two rules determine whether a condition has been met for accounting rules?

A) The conditions are evaluated in the sequence they are defined in the accounting rule.
B) When the condition is met, the rule associated with that priority is used.
C) After all conditions are tested, the final resulting value is used.
D) Priorities determine the order in which accounting rule conditions are examined.
E) Use parenthesis to control the order of the condition evaluation.

3. Identify four characteristics of a cost element.

A) It is the granularity at which costs are tracked and accounted.
B) It is user-defined.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) The mapping of cost components into cost elements is user-defined.
E) Users can define any number of cost elements.
F) It uses date effectivity.

4. Which statement is true regarding the cost cutoff date in Cost Accounting?

A) Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
B) Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
C) It only affects whether or not you can process a cost adjustment.
D) Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

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

A) It is based on the actual cost of the work order after it is completed.
B) The standard cost is calculated for every possible combination of options under a model
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.

Solutions: