Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Cost Accounting | - Cost Processing
|
| Manufacturing Cost Management | - Production Costing
|
| Cost Period Close and Reporting | - Period-End Activities
|
| Receipt and Acquisition Costing | - Procurement Costing
|
| Cost Management Foundations | - Cost Management Architecture
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost of a model item is calculated.
- B. It is based on the actual cost of the work order after it is completed.
- C. The standard cost is calculated for every possible combination of options under a model
- D. It is based on the material and resource requirements of a released work order.
Correct Answer: A 🗳️
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- D. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- E. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
Correct Answer: A 🗳️
Identify three Landed Cost Management tasks.
- A. Review Journal Entries
- B. Perform Allocations
- C. View Rolled Up Costs
- D. Manage Cost Scenarios
- E. Capture Charges
- F. Create Accounting
Correct Answer: B,E,F 🗳️
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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 Transactions from Inventory to Costing
- B. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
- C. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- D. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
- E. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
- F. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
Correct Answer: F 🗳️
At what level can you define item cost profiles?
- A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- B. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Correct Answer: B 🗳️
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