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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 |
| Related Certifications: | Oracle SCM Cloud Certifications Oracle Cost Management Cloud Implementation Professional |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 55 (approx.) |
| Exam Price: | USD 245 (may vary by country/region) |
| Available Languages: | English |
| Certificate Validity Period: | 18 months (Oracle certification policy may vary by track) |
| Exam Format: | Multiple Response, Multiple Choice |
| Passing Score: | ~68% |
| Recommended Training: | Oracle University Cost Management Cloud Training Oracle SCM Cloud Learning Path |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or testing center (Pearson VUE) |
| Pre Condition: | Basic understanding of Oracle SCM Cloud and financial/cost accounting concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Processing | - Cost accounting distributions - Period close and cost rollup - Cost calculation processes |
| Topic 2: Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Topic 3: Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
| Topic 4: Setup and Configuration | - Cost organization and cost profiles setup - Costing methods configuration - Inventory valuation setup |
| Topic 5: Cost Management Cloud Overview | - Integration with Oracle SCM Cloud - Key business processes and architecture |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question #1
Which three features are included in Receipt Accounting?
- A. Review Journal Entries
- B. Adjust Receipt Accrual Clearing Balances
- C. Analyze Standard Purchase Cost Variances
- D. Review Item Costs
- E. Create Receipt Accounting Distribution
Answer: A,B,E
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Question #2
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Receipt Accounting
- B. Landed Cost Management
- C. Cost Accounting
- D. Inventory Management
- E. Product Model
Answer: D
Question #3
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. This requirement will already be met by the default data generated when using Quick Setup.
- B. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- C. Create the cost in Manage Cost Scenarios.
- D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Answer: A
Question #4
What are three cost method choices that are available in Cost Accounting?
- A. Actual cost (FIFO or First In First Out)
- B. Actual cost (LIFO or Last In First Out)
- C. Standard cost
- D. Periodic average cost
- E. Perpetual average cost
- F. Period end average cost
Answer: A,B,E
Question #5
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
- A. Internal requisition number
- B. Bill of Lading
- C. Shipment number
- D. Receipt number
- E. Expense invoice number
Answer: B,C
By Bruno
