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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Topic 2: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Topic 3: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Topic 4: Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
| Topic 5: Receipt Accounting | 20% | - Overview and work area - Processes and reporting - Configure accrual options |
| Topic 6: Standard Costs | 15% | - Analyze variances - Manage scenarios and rates - Create and roll up costs |
| Topic 7: Cost Accounting | 25% | - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual - Processing and daily tasks |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
A) Rule sets assigned to a secondary ledger with a different COA
B) Rule sets that have a mapping set to convert the accounts
C) Rule sets that use the same chart of accounts
D) Rule sets where the accounting rules override the method rule set
E) Rule sets not associated with any chart of accounts
2. 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-Cost Accounting Real Time
C) Financials-Subledger Accounting-Detail Transactions
D) Receipt Accounting-- Receipt Accounting Transactions Real Time
E) Costing -Receipt Accounting Real Time
3. Which two statements are true about Cost Accounting books? (Choose two.)
A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
C) Every cost organization must use different book names; they cannot be shared.
D) A cost organization has one book that posts to the primary ledger.
4. Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?
A) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
B) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
C) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
D) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
E) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
F) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
5. 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 Accounts Payable role for the correct cost organization.
B) Create Data Access on the Cost Accountant role for the correct cost organization.
C) Create Data Access on the Cost Accountant role for the correct inventory organization.
D) Create Data Access on the Accounts Payable role for the correct inventory organization.
Solutions:
| Question # 1 Answer: C,E | Question # 2 Answer: C | Question # 3 Answer: A,D | Question # 4 Answer: A | Question # 5 Answer: B |

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