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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
| Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
| Cost Accounting | 25% | - Costing methods: standard, perpetual, actual - Setup: organizations, books, elements - Processing and daily tasks |
| Receipt Accounting | 20% | - Overview and work area - Processes and reporting - Configure accrual options |
| Standard Costs | 15% | - Create and roll up costs - Manage scenarios and rates - Analyze variances |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- C. It will use the work definition with the January 2, 2016 effective date.
- D. It must always use the work definition with the October 1, 2015 effective date.
Correct Answer: B 🗳️
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Incremental Costs
- B. Scrap Costs
- C. Output Costs
- D. Standard Cost variances
- E. Input Costs
- F. Variable Costs
Correct Answer: B,C,D,E 🗳️
At what level can you define item cost profiles?
- A. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
- B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Correct Answer: A 🗳️
Identify three Landed Cost Management tasks.
- A. Capture Charges
- B. Review Journal Entries
- C. Create Accounting
- D. View Rolled Up Costs
- E. Perform Allocations
- F. Manage Cost Scenarios
Correct Answer: A,C,E 🗳️
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An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
- A. Turn on the Subledger Gain or Loss Option.
- B. Create a secondary ledger to track gain/loss.
- C. Create a foreign reporting currency to track gain/loss.
- D. Subledger Accounting is already set up to process it.
Correct Answer: A 🗳️
