Most Recent Oracle 1Z0-1074-23 Exam Dumps

Prepare for the Oracle Cost Management Cloud 2023 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1074-23 exam and achieve success.

The questions for 1Z0-1074-23 were last updated on Feb 18, 2025.

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Question No. 1

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others

What must they do to accomplish this?

AQuick Setup generates valuation units so they just have to access those valuation units and make their changes.

BThey cannot change their current configuration; data generated by Quick Setup cannot be changed.

CThey must create their valuation units manually.

DQuick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

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Correct Answer: D

Question No. 2

Identify two characteristics of Landed Cost charge names.

ADuty is a seeded charge name for Landed Cost.

BYou can modify a charge name until it is associated with a trade operation.

CCharge names cannot be used to tie an invoice to a trade operation.

DYou can use multiple currencies within a trade operation for the same charge name on different lines.

ECharge names cannot be associated with a PO schedule.

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Correct Answer: B, D

Question No. 3

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

APurchase Variance Summary

BJournal Entries

CItem Costs

DCost Processing

EWork Order Costs

FInventory Valuation

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Correct Answer: A, E, F

Question No. 4

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

ACharge Name

BReference Types

CTrade Operation Templates

DRoutes

ETrade Operation

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Correct Answer: A

Question No. 5

Identify four characteristics of a cost element.

AUsers can define any number of cost elements.

BIt is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

CIt is the granularity at which costs are tracked and accounted.

DIt is user-defined.

EThe mapping of cost components into cost elements is user-defined.

FIt uses date effectivity.

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Correct Answer: B, D, E, F

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