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

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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. In which two scenarios would you define account rules based on value sets?

A) If a segment shares the same value set across multiple chart of accounts
B) When a chart of accounts is assigned to the value set definition
C) When there is a mapping set to convert the accounts
D) In the absence of a chart of accounts on the accounting method
E) When a secondary ledger has a different COA

2. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A) Work Order Costs
B) Purchase Variance Summary
C) Item Costs
D) Inventory Valuation
E) Cost Processing
F) Journal Entries

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

4. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Output Costs
B) Input Costs
C) Standard Cost variances
D) Variable Costs
E) Scrap Costs
F) Incremental Costs

5. Which two steps need to be completed to estimate landed costs?

A) Update standard costs.
B) Transfer transactions from the Inventory to the Costing process.
C) Allocate charges
D) Prepare the Material Purchase Order Data process.
E) Transfer transactions from the Payables to the Costing process.

Solutions: