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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Management Foundations- Cost Management Architecture
  • 1. Define inventory valuation structures
  • 2. Configure cost organizations and cost books
  • 3. Understand Oracle Cost Management Cloud concepts
Topic 2: Cost Period Close and Reporting- Period-End Activities
  • 1. Generate cost management reports
  • 2. Reconcile inventory and accounting balances
  • 3. Execute cost accounting period close
Topic 3: Manufacturing Cost Management- Production Costing
  • 1. Analyze resource and overhead costs
  • 2. Manage work order costing
  • 3. Process manufacturing cost transactions
Topic 4: Inventory Costing Configuration- Cost Structures and Cost Elements
  • 1. Manage valuation units
  • 2. Configure cost elements and cost components
  • 3. Define cost profiles
Topic 5: Troubleshooting and Analysis- Diagnostics and Exception Handling
  • 1. Analyze transaction processing issues
  • 2. Resolve accounting and valuation discrepancies
  • 3. Review costing errors and exceptions
Topic 6: Cost Accounting- Cost Processing
  • 1. Configure cost accounting distributions
  • 2. Review accounting entries and cost adjustments
  • 3. Manage transaction costing
Topic 7: Receipt and Acquisition Costing- Procurement Costing
  • 1. Analyze landed cost impacts
  • 2. Process acquisition costs
  • 3. Manage purchase order receipt costing

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

A) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
B) The cost of the contract manufacturing service Item. This is the price that the contract
C) 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
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) The cost of resources consumed at the OEM's factory


2. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Cost Organization
B) Business Unit and Inventory Organization
C) Legal Entity and Cost Organization
D) Inventory Organization and Cost Organization
E) Business Unit and Legal Entity
F) Inventory Organization and Legal Entity


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

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


4. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

A) Transfer transactions from payables.
B) Assign accruals to purchase order transactions.
C) Transfer to Sub ledger Accounting.
D) Transfer transactions from receiving.
E) Create distributions.


5. 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 Receiving to Costing, Transfer Costs to Cost Management
C) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
D) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
E) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
F) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing


Solutions:

Question # 1
Answer: C,D
Question # 2
Answer: B
Question # 3
Answer: A,B,E,F
Question # 4
Answer: E
Question # 5
Answer: B

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