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

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Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Sep 07, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Subledger Accounting10%- Accounting methods and exceptions
- Account rules and journal setups
Landed Cost Management10%- Manage charges and routes
- Overview and configuration
Managerial Accounting Overview15%- Identify key implementation decisions
- Explain cost accounting and integration
Cost Accounting25%- Processing and daily tasks
- Costing methods: standard, perpetual, actual
- Setup: organizations, books, elements
Receipt Accounting20%- Configure accrual options
- Processes and reporting
- Overview and work area
Project Enabled Supply Chain5%- Configuration overview
- Project work order costing
Standard Costs15%- Create and roll up costs
- Manage scenarios and rates
- Analyze variances

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

  • A. Payables invoices; invoice price variance can be added to item cost.
  • B. Receipt costs; costs include adjustments.
  • C. Purchase order costs; item catalog costs can be used.
  • D. Requisition costs; validated costs can be used.
  • E. Receivables invoices; actual cost can be used.
Answer: A
Question #2

Which four steps need to be completed to establish standard costs for a make item?

  • A. Add standard costs to a cost scenario
  • B. Publish costs
  • C. Create a new cost scenario
  • D. Export item costs
  • E. Run preprocessor
  • F. Complete cost roll-up
Answer: A,B,C,F
Question #3

Which two types of costs are included in the cost of contract manufactured items?

  • A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
  • B. The cost of the contract manufacturing service Item. This is the price that the contract
  • C. The cost of resources consumed at the OEM's factory
  • D. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
  • E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
Answer: A,D
Question #4

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.
Answer: B
Question #5

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

  • A. This process can only be scheduled and run from the Receipt Accounting work area
  • B. Purchase order information should not be imported into Receipt Accounting.
  • C. Purchase order information is automatically sent to Receipt Accounting using a real-time method
  • D. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
  • E. You do not have the role to import purchase order information into Receipt Accounting.
Answer: C

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