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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A. Run the Create Accounting process.
B. Run the Transactions from Receiving to Costing process.
C. Run the Transfer Costs from Payables to Cost Management process.
D. Run the Transactions from Procurement to Costing process.
E. Run the Clear Receipt Accrual Balances process.

Question 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.

Question 3

A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When using segment rules
B. When using account combination rules
C. When using ledgers that have unique accounting requirements
D. When account combination rules use constants
E. Every accounting method should have a COA.

Question 4

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the lowest production priority
B. Work definitions with the highest production priority
C. Work definitions with the highest costing priority
D. Work definitions without alternates
E. Work definitions with specific unit numbers

Question 5

Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. In-transit Valuation Report
B. COGS and Revenue Matching Report
C. Costing Account Balances Report
D. Layer Inventory Valuation Report
E. Work in Process Inventory Valuation Report
F. Inventory Valuation Report
G. Cost Accounting Valuation Report

Solutions: