Oracle Cost Management Cloud 1z0-1074-23

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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A. Accrual Clearing Report
B. Uninvoiced Receipt Accrual Report
C. Accrual Supplier Liability Report
D. Receipt Accounting Real Time Report
E. Accrual Reconciliation Report

Question #2

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

A. The cost of the contract manufacturing service Item. This is the price that the contract
B. The 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
C. The 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
D. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
E. The cost of resources consumed at the OEM's factory

Question #3

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A. This requirement will already be met by the default data generated when using Quick Setup.
B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
D. Create the cost in Manage Cost Scenarios.

Question #4

Identify two characteristics of a cost profile.

A. It is used for Receipt Accounting.
B. It is where you define your Cost Accounting policies.
C. It is used for calculating the estimated cost of manufactured items under different scenarios.
D. It is where you define which cost method you want to use for the cost component to cost element mapping.

Question #5

Which three features are included in Receipt Accounting?

A. Analyze Standard Purchase Cost Variances
B. Create Receipt Accounting Distribution
C. Review Item Costs
D. Adjust Receipt Accrual Clearing Balances
E. Review Journal Entries

Solutions: