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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Receipt and Acquisition Costing | - Procurement Costing
|
| Manufacturing Cost Management | - Production Costing
|
| Cost Management Foundations | - Cost Management Architecture
|
| Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Cost Accounting | - Cost Processing
|
| Cost Period Close and Reporting | - Period-End Activities
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
A) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
B) It must always use the work definition with the October 1, 2015 effective date.
C) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D) It will use the work definition with the January 2, 2016 effective date.
2. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
A) The accounting method must have a mapping set to convert the accounts.
B) The accounting method may only be used by ledgers without a COA.
C) Accounting rules cannot override the accounting method.
D) The accounting method can be assigned to any ledger.
E) Any secondary ledger that uses the method cannot have a COA.
3. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
A) Turn on the Subledger Gain or Loss Option.
B) Create a foreign reporting currency to track gain/loss.
C) Create a secondary ledger to track gain/loss.
D) Subledger Accounting is already set up to process it.
4. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
A) Close Pending
B) Open
C) Closed
D) Permanently Closed
E) Never Opened
5. You can track costs at what granularity level in Cost Accounting for the actual costing method?
A) Grade, Subinventory, Locator, Serial
B) Grade, Serial, Group, Lot
C) Subinventory. Lot, Serial, Grade
D) Subinventory, Make, Lot, Serial
E) Subinventory, Lot, Serial, Locator
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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