Oracle 1z0-1074-23 : Oracle Cost Management Cloud 2023 Implementation Essentials

1z0-1074-23 real exams

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Aug 29, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Receipt Accounting20%- Overview and work area
- Configure accrual options
- Processes and reporting
Subledger Accounting10%- Accounting methods and exceptions
- Account rules and journal setups
Landed Cost Management10%- Overview and configuration
- Manage charges and routes
Project Enabled Supply Chain5%- Configuration overview
- Project work order costing
Cost Accounting25%- Costing methods: standard, perpetual, actual
- Processing and daily tasks
- Setup: organizations, books, elements
Standard Costs15%- Create and roll up costs
- Analyze variances
- Manage scenarios and rates
Managerial Accounting Overview15%- Identify key implementation decisions
- Explain cost accounting and integration

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of resources consumed at the OEM's factory
B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
C. The cost of the contract manufacturing service Item. This is the price that the contract
D. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.


Question 2

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


Question 3

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Close the August period; you can never have two open periods at the same time.
B. Perform cost account validations for August in Manage Cost Accounting Periods
C. Run the Transfer Transactions to Costing process.
D. Change the number of maximum open periods in Manage Cost Organization Relationships


Question 4

Identify two characteristics of a cost profile.

A. It is where you define your Cost Accounting policies.
B. It is where you define which cost method you want to use for the cost component to cost element mapping.
C. It is used for Receipt Accounting.
D. It is used for calculating the estimated cost of manufactured items under different scenarios.


Question 5

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A. You do not have the role to import purchase order information into Receipt Accounting.
B. This process can only be scheduled and run from the Receipt Accounting work area
C. Purchase order information should not be imported into Receipt Accounting.
D. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
E. Purchase order information is automatically sent to Receipt Accounting using a real-time method


Solutions:

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

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