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Exam Code: 1z0-1074-23
Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Updated: Jul 18, 2026
Q & A: 80 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Cost Management Cloud Overview | - Integration with Oracle SCM Cloud - Key business processes and architecture |
| Topic 2: Reporting and Analysis | - Cost analysis reports - Cost reconciliation and audit |
| Topic 3: Cost Accounting and Processing | - Period close and cost rollup - Cost accounting distributions - Cost calculation processes |
| Topic 4: Setup and Configuration | - Inventory valuation setup - Costing methods configuration - Cost organization and cost profiles setup |
| Topic 5: Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
1. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) When using ledgers that have unique accounting requirements
B) When account combination rules use constants
C) When using segment rules
D) Every accounting method should have a COA.
E) When using account combination rules
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) Product Model
D) Inventory Management
E) Cost Accounting
3. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
A) Receipt Accounting- Receipt Accounting Distributions Real Time
B) Costing -Receipt Accounting Real Time
C) Costing-Cost Accounting Real Time
D) Receipt Accounting-- Receipt Accounting Transactions Real Time
E) Financials-Subledger Accounting-Detail Transactions
4. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
A) The liability for a consigned item occurs when there is an ownership event.
B) There is no difference between owned inventory and consigned inventory.
C) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
D) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
E) The quantity is tracked in inventory but not as an asset until there is an ownership event
F) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
5. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
A) Material Receipts
B) Routes
C) PreReference Types
D) Charge Names
E) Trade Operation Template
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: D | Question # 3 Answer: E | Question # 4 Answer: A,B,C,F | Question # 5 Answer: C |
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