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

1z0-1074-23 pass collection

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Jul 21, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Routes
B) Charge Name
C) Reference Types
D) Trade Operation
E) Trade Operation Templates


2. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Sub ledger accounting is set up to accomplish this out-of-the-box.
B) Account Class must be set to Freight.
C) Create a condition for a journal line for freight.
D) Line Type must be set to Freight.


3. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Transactions from Procurement to Costing process.
B) Run the Create Accounting process.
C) Run the Transfer Costs from Payables to Cost Management process.
D) Run the Transactions from Receiving to Costing process.
E) Run the Clear Receipt Accrual Balances process.


4. Identify three characteristics of cost component to cost element mapping.

A) It lets you define how cost component level costs will map into cost elements.
B) You can only define one cost component to cost element mapping for an installation.
C) You cannot modify, duplicate, or create user-defined cost components.
D) It is user-defined.
E) It is one of the attributes you define as part of your cost profile definitions.


5. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Shipping
B) Financial Orchestration
C) Order Management
D) Inventory
E) Purchasing


Solutions:

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

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