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  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 11, 2026
  • Q & A: 80 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 11, 2026
  • Q & A: 80 Questions and Answers
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  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 11, 2026
  • Q & A: 80 Questions and Answers
  • Software Price: $59.99
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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Inventory Costing Configuration- Cost Structures and Cost Elements
  • 1. Define cost profiles
  • 2. Manage valuation units
  • 3. Configure cost elements and cost components
Topic 2: Manufacturing Cost Management- Production Costing
  • 1. Analyze resource and overhead costs
  • 2. Manage work order costing
  • 3. Process manufacturing cost transactions
Topic 3: Cost Accounting- Cost Processing
  • 1. Manage transaction costing
  • 2. Review accounting entries and cost adjustments
  • 3. Configure cost accounting distributions
Topic 4: Cost Management Foundations- Cost Management Architecture
  • 1. Understand Oracle Cost Management Cloud concepts
  • 2. Define inventory valuation structures
  • 3. Configure cost organizations and cost books
Topic 5: Receipt and Acquisition Costing- Procurement Costing
  • 1. Analyze landed cost impacts
  • 2. Manage purchase order receipt costing
  • 3. Process acquisition costs
Topic 6: Cost Period Close and Reporting- Period-End Activities
  • 1. Execute cost accounting period close
  • 2. Reconcile inventory and accounting balances
  • 3. Generate cost management reports
Topic 7: Troubleshooting and Analysis- Diagnostics and Exception Handling
  • 1. Analyze transaction processing issues
  • 2. Review costing errors and exceptions
  • 3. Resolve accounting and valuation discrepancies

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  • A. Business Unit and Legal Entity
  • B. Legal Entity and Cost Organization
  • C. Business Unit and Inventory Organization
  • D. Business Unit and Cost Organization
  • E. Inventory Organization and Cost Organization
  • F. Inventory Organization and Legal Entity
Answer: C
Question #2

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

  • A. Item Costs
  • B. Inventory Valuation
  • C. Work Order Costs
  • D. Cost Processing
  • E. Journal Entries
  • F. Purchase Variance Summary
Answer: B,C,F
Question #3

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

  • A. Account Class must be set to Freight.
  • B. Line Type must be set to Freight.
  • C. Sub ledger accounting is set up to accomplish this out-of-the-box.
  • D. Create a condition for a journal line for freight.
Answer: A,B
Question #4

Which two statements are true about Cost Accounting books? (Choose two.)

  • A. A cost organization has one book that posts to the primary ledger.
  • B. Every cost organization must use different book names; they cannot be shared.
  • C. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
  • D. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
Answer: A,D
Question #5

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

  • A. Costing-Cost Accounting Real Time
  • B. Receipt Accounting-- Receipt Accounting Transactions Real Time
  • C. Costing -Receipt Accounting Real Time
  • D. Receipt Accounting- Receipt Accounting Distributions Real Time
  • E. Financials-Subledger Accounting-Detail Transactions
Answer: E

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