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

1z0-1074-23 actual test
  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 13, 2026
  • Q & A: 80 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Accounting and Processing- Period close and cost rollup
- Cost accounting distributions
- Cost calculation processes
Topic 2: Setup and Configuration- Costing methods configuration
- Inventory valuation setup
- Cost organization and cost profiles setup
Topic 3: Inventory and Work Order Costing- Manufacturing and work order costing
- Inventory transactions costing
Topic 4: Cost Management Cloud Overview- Key business processes and architecture
- Integration with Oracle SCM Cloud
Topic 5: Reporting and Analysis- Cost analysis reports
- Cost reconciliation and audit

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Select the two valid relationships between subledger components.

  • A. The accounting method groups journal entry rule sets by Event Class and Event Type.
  • B. Journal entry rules are used to hold accounting rules.
  • C. Journal entry rule sets hold journal rules and accounting rules.
  • D. The journal lines hold the journal entry rule sets.
  • E. The accounting method holds the accounting rules by Event Class and Event Type.
Answer: B,C

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Question #2

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
Answer: D
Question #3

Which two outcomes can happen in create accounting when an account combination returned is end dated?

  • A. The preprocessor will pre-warn about this error.
  • B. Suspense accounts cannot be used.
  • C. An error will always occur.
  • D. An alternate account will be used if provided.
  • E. The original account is stored on the journal line.
Answer: D,E

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Question #4

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

  • A. Transfer transactions from Receiving to Costing.
  • B. Create Accounting.
  • C. Activate its journal entry rule set assignments.
  • D. Transfer costs to Cost Management.
  • E. Execute the Preprocessor.
Answer: C
Question #5

Identify four characteristics of a cost element.

  • A. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
  • B. It is user-defined.
  • C. The mapping of cost components into cost elements is user-defined.
  • D. Users can define any number of cost elements.
  • E. It is the granularity at which costs are tracked and accounted.
  • F. It uses date effectivity.
Answer: A,B,C,F

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