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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Period Close and Reporting | - Period-End Activities
|
| Topic 2: Manufacturing Cost Management | - Production Costing
|
| Topic 3: Cost Accounting | - Cost Processing
|
| Topic 4: Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Topic 5: Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Topic 6: Receipt and Acquisition Costing | - Procurement Costing
|
| Topic 7: Cost Management Foundations | - Cost Management Architecture
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question #1
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
A. Outstanding purchase orders have not been received.
B. The Work Definition is incomplete.
C. Burdens have not been established for the item
D. The assembly item is marked as Perpetual Average costed.
E. The item has no on-hand inventory.
Question #2
Identify two characteristics of an expense pool. (Choose two.)
A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
B. You can define the name of your expense pool, but you cannot define more than one.
C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
D. It is used only for analyzing gross margins on noninventory sales of services.
Question #3
Identify two purposes of Sub ledger Accounting.
A. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
B. to centralize accounting string generation across all modules
C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
D. to calculate costs for transactions
E. to maintain backward compatibility
Question #4
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. Landed Cost Management
C. Inventory Management
D. Product Model
E. Cost Accounting
Question #5
How is the standard cost of a manufactured configured item calculated?
A. The standard cost is calculated for every possible combination of options under a model
B. It is based on the actual cost of the work order after it is completed.
C. The standard cost of a model item is calculated.
D. It is based on the material and resource requirements of a released work order.
Solutions:
| Question #1 Correct Answer: B,D | Question #2 Correct Answer: A,C | Question #3 Correct Answer: C,D | Question #4 Correct Answer: C | Question #5 Correct Answer: C |
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