Most Recent Oracle 1Z0-1074-23 Exam Questions & Answers

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 Jan 18, 2025.

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Question No. 1

Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

AYou can share definitions across multiple cost organizations.

BYou can control which definitions are visible to different cost organizations

CYou can streamline your setup effort.

DYou have the option to share setup data across all cost organizations using the common set.

EYou can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

FYou don't have to create any definitions for cost books.

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Correct Answer: A, C, D, E

Question No. 2

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

AThe 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

BThe 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

CThe cost of resources consumed at the OEM's factory

DThe cost of the contract manufacturing service Item. This is the price that the contract

EManufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

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Correct Answer: A, B

Question No. 3

Identify three characteristics of cost component to cost element mapping.

AYou cannot modify, duplicate, or create user-defined cost components.

BYou can only define one cost component to cost element mapping for an installation.

CIt is one of the attributes you define as part of your cost profile definitions.

DIt is user-defined.

EIt lets you define how cost component level costs will map into cost elements.

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Correct Answer: C, D, E

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Question No. 4

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

ABusiness Unit/Landed Cost Charge/Cost Organization

BItem/Business Unit/Route

CItem Category/Material Supplier/Landed Cost Charge

DInventory Organization/Landed Cost Charge/Third Party Supplier

EItem Catalog/Inventory Organization/Business Unit

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Correct Answer: E

Question No. 5

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

AEvent Class: Expense Accrual Event Type: Expense Accrual

BEvent Class: Period End Accrual Event Type: Period End Accrual

CEvent Class: Expense Accrual Event Type: Period End Accrual

DEvent Class: Purchase Order Price Adjustment Event Type: Period End Accrual

EEvent Class: Purchase Order Price Adjustment Event Type: Expense Accrual

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Correct Answer: B

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