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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Troubleshooting and Analysis- Diagnostics and Exception Handling
  • 1. Resolve accounting and valuation discrepancies
  • 2. Analyze transaction processing issues
  • 3. Review costing errors and exceptions
Topic 2: Cost Accounting- Cost Processing
  • 1. Configure cost accounting distributions
  • 2. Review accounting entries and cost adjustments
  • 3. Manage transaction costing
Topic 3: Inventory Costing Configuration- Cost Structures and Cost Elements
  • 1. Manage valuation units
  • 2. Define cost profiles
  • 3. Configure cost elements and cost components
Topic 4: Cost Management Foundations- Cost Management Architecture
  • 1. Define inventory valuation structures
  • 2. Understand Oracle Cost Management Cloud concepts
  • 3. Configure cost organizations and cost books
Topic 5: Cost Period Close and Reporting- Period-End Activities
  • 1. Reconcile inventory and accounting balances
  • 2. Generate cost management reports
  • 3. Execute cost accounting period close
Topic 6: Receipt and Acquisition Costing- Procurement Costing
  • 1. Manage purchase order receipt costing
  • 2. Analyze landed cost impacts
  • 3. Process acquisition costs
Topic 7: Manufacturing Cost Management- Production Costing
  • 1. Analyze resource and overhead costs
  • 2. Process manufacturing cost transactions
  • 3. Manage work order costing

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Account Class must be set to Freight.
B) Create a condition for a journal line for freight.
C) Line Type must be set to Freight.
D) Sub ledger accounting is set up to accomplish this out-of-the-box.


2. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Create Standard Cost in a spreadsheet.
B) Manage the Item Cost task.
C) Manage the Standard Cost task.
D) Import standard costs from receipt layers.


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

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


4. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Inventory Account Balances Report
B COGS Account Balances Report
B) Costing Balances Report
C) Inventory Valuation Report
D) Revenue and COGS Matching Report


5. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Receiving Inspection, Credit Accrued Liability
B) Debit Charge Account (expense or inventory), Credit Receiving Inspection
C) Debit Expense, Credit Expense Accrual
D) Debit Accrued Liability, Credit Accounts Payable
E) Debit Expense, Credit Receiving Inspection


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: A,C
Question # 3
Answer: A,D,E,F
Question # 4
Answer: B,C
Question # 5
Answer: B

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