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 Nov 19, 2024.

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Question No. 1

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?

ARun the Transactions from Procurement to Costing process.

BRun the Transfer Costs from Payables to Cost Management process.

CRun the Create Accounting process.

DRun the Clear Receipt Accrual Balances process.

ERun the Transactions from Receiving to Costing process.

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Correct Answer: E

Question No. 2

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

AIt can help you understand true margins and value added by internal business units through the internal supply chain.

BIt is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

CIt is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

DIt can help you with consolidated financial reporting.

EIt is only used when you do not need to maintain an arm's length relationship.

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Correct Answer: A, C, D

Question No. 3

You can track costs at what granularity level in Cost Accounting for the actual costing method?

ASubinventory, Make, Lot, Serial

BGrade, Serial, Group, Lot

CSubinventory. Lot, Serial, Grade

DGrade, Subinventory, Locator, Serial

ESubinventory, Lot, Serial, Locator

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Correct Answer: C

Question No. 4

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. 5

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

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