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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Standard Costs | 15% | - Analyze variances - Manage scenarios and rates - Create and roll up costs |
| Topic 2: Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Topic 3: Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Topic 4: Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Topic 5: Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Topic 6: Receipt Accounting | 20% | - Configure accrual options - Overview and work area - Processes and reporting |
| Topic 7: Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- B. You don't have to create any definitions for cost books.
- C. You can share definitions across multiple cost organizations.
- D. You can streamline your setup effort.
- E. You can control which definitions are visible to different cost organizations
- F. You have the option to share setup data across all cost organizations using the common set.
Identify three Landed Cost Management tasks.
- A. Create Accounting
- B. View Rolled Up Costs
- C. Capture Charges
- D. Manage Cost Scenarios
- E. Perform Allocations
- F. Review Journal Entries
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
- A. The application will generate an error because there are two work definitions for the same item.
- B. The scenario will choose the work definition that is production priority 1.
- C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
- D. The cost planning scenario will use both work definitions for the item.
- E. The application will use the work definition that is named Plan B.
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Accounts Payable role for the correct inventory organization.
- C. Create Data Access on the Cost Accountant role for the correct cost organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- C. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- D. Run the "Activate Accounting Methods" process.
- E. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
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