Oracle 1z0-1074-23 : Oracle Cost Management Cloud 2023 Implementation Essentials

  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Oct 03, 2026
  • Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Inventory and Work Order Costing- Manufacturing and work order costing
- Inventory transactions costing
Cost Accounting and Processing- Cost calculation processes
- Cost accounting distributions
- Period close and cost rollup
Setup and Configuration- Inventory valuation setup
- Cost organization and cost profiles setup
- Costing methods configuration
Reporting and Analysis- Cost reconciliation and audit
- Cost analysis reports
Cost Management Cloud Overview- Key business processes and architecture
- Integration with Oracle SCM Cloud

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

  • A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
  • B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
  • C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
  • D. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
  • E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

At what level can you define item cost profiles?

  • A. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
  • B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
  • C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
  • D. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Identify three Landed Cost Management tasks.

  • A. Perform Allocations
  • B. Capture Charges
  • C. Create Accounting
  • D. Review Journal Entries
  • E. View Rolled Up Costs
  • F. Manage Cost Scenarios
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

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Question #4

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

  • A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
  • B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
  • C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
  • D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
  • E. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Question #5

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

  • A. 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
  • 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. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
  • D. The cost of resources consumed at the OEM's factory
  • E. The cost of the contract manufacturing service Item. This is the price that the contract
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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