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 Apr 2, 2025.

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Question No. 1

When attempting to open costing periods, your customer is receiving the following error:

Error: You do not have the required permission. You can request that your help desk change your security settings.

What configuration needs to be done so your customer will be able to open the Cost Accounting period?

ACreate Data Access on the Accounts Payable role for the correct cost organization.

BCreate Data Access on the Accounts Payable role for the correct inventory organization.

CCreate Data Access on the Cost Accountant role for the correct inventory organization.

DCreate Data Access on the Cost Accountant role for the correct cost organization.

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Correct Answer: D

Question No. 2

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

ARefer to the Accounting Event Diagnostic report.

BReview errors in the Create Accounting Execution log.

CReview errors in the Create Accounting Execution report.

DQuery the transaction from Review Cost Accounting Distributions to see the error message.

ERefer to the Accounting Event Diagnostic Log.

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Correct Answer: A, C, D

Question No. 3

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

AReceipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

BReceipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

CReceipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

DReceipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

EReceipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

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Correct Answer: A

Question No. 4

What are three cost method choices that are available in Cost Accounting?

APeriod end average cost

BActual cost (LIFO or Last In First Out)

CPeriodic average cost

DStandard cost

EPerpetual average cost

FActual cost (FIFO or First In First Out)

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Correct Answer: B, E, F

Question No. 5

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

ARule sets assigned to a secondary ledger with a different COA

BRule sets that have a mapping set to convert the accounts

CRule sets not associated with any chart of accounts

DRule sets where the accounting rules override the method rule set

ERule sets that use the same chart of accounts

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Correct Answer: C, E

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