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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting | - Cost Processing
|
| Topic 2: Cost Period Close and Reporting | - Period-End Activities
|
| Topic 3: Receipt and Acquisition Costing | - Procurement Costing
|
| Topic 4: Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Topic 5: Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Topic 6: Manufacturing Cost Management | - Production Costing
|
| Topic 7: Cost Management Foundations | - Cost Management Architecture
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
- A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- B. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
- C. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- D. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
- E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
Correct Answer: C 🗳️
What are three cost method choices that are available in Cost Accounting?
- A. Periodic average cost
- B. Perpetual average cost
- C. Actual cost (FIFO or First In First Out)
- D. Actual cost (LIFO or Last In First Out)
- E. Period end average cost
- F. Standard cost
Correct Answer: B,C,D 🗳️
Identify three characteristics of cost component to cost element mapping.
- A. It is one of the attributes you define as part of your cost profile definitions.
- B. It lets you define how cost component level costs will map into cost elements.
- C. You can only define one cost component to cost element mapping for an installation.
- D. It is user-defined.
- E. You cannot modify, duplicate, or create user-defined cost components.
Correct Answer: A,B,D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Retro-reprice
- B. Adjustments
- C. Cost of Goods Sold
- D. In-transit
- E. Overhead
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No - B. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No - C. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No - D. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No - E. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No
Correct Answer: E 🗳️
