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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
B) It will use the work definition with the January 2, 2016 effective date.
C) It must always use the work definition with the October 1, 2015 effective date.
D) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

2. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Closed
B) Close Pending
C) Open
D) Permanently Closed
E) Never Opened

3. Select the two valid relationships between subledger components.

A) Journal entry rule sets hold journal rules and accounting rules.
B) Journal entry rules are used to hold accounting rules.
C) The accounting method groups journal entry rule sets by Event Class and Event Type.
D) The accounting method holds the accounting rules by Event Class and Event Type.
E) The journal lines hold the journal entry rule sets.

4. Identify two characteristics of an expense pool. (Choose two.)

A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It is used only for analyzing gross margins on noninventory sales of services.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

5. Identify three Landed Cost Management tasks.

A) Manage Cost Scenarios
B) View Rolled Up Costs
C) Capture Charges
D) Review Journal Entries
E) Create Accounting
F) Perform Allocations

Solutions: