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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A. Turn off the summarize flag in the journal line rule.
B. Turn on detailed posting for GL in the ledger setup.
C. Turn off merge matching lines in the journal line rule.
D. Extract distribution accounting entries.
E. Write a custom report.

Question 2

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?

A. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C. They must create their valuation units manually.
D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

Question 3

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. Open
B. Permanently Closed
C. Closed
D. Never Opened
E. Close Pending

Question 4

Which two outcomes can happen in create accounting when an account combination returned is end dated?

A. An error will always occur.
B. Suspense accounts cannot be used.
C. The original account is stored on the journal line.
D. The preprocessor will pre-warn about this error.
E. An alternate account will be used if provided.

Question 5

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Receipt Accounting
B. Product Model
C. Inventory Management
D. Cost Accounting
E. Landed Cost Management

Solutions: