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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Topic 2: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Topic 3: Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
| Topic 4: Standard Costs | 15% | - Analyze variances - Create and roll up costs - Manage scenarios and rates |
| Topic 5: Receipt Accounting | 20% | - Processes and reporting - Configure accrual options - Overview and work area |
| Topic 6: Cost Accounting | 25% | - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual - Processing and daily tasks |
| Topic 7: Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Purchase order costs; item catalog costs can be used.
- B. Requisition costs; validated costs can be used.
- C. Receipt costs; costs include adjustments.
- D. Receivables invoices; actual cost can be used.
- E. Payables invoices; invoice price variance can be added to item cost.
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Expense Accrual Event Type: Period End Accrual
- B. Event Class: Expense Accrual Event Type: Expense Accrual
- C. Event Class: Period End Accrual Event Type: Period End Accrual
- D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
Select the two valid relationships between subledger components.
- A. The journal lines hold the journal entry rule sets.
- B. The accounting method holds the accounting rules by Event Class and Event Type.
- C. The accounting method groups journal entry rule sets by Event Class and Event Type.
- D. Journal entry rule sets hold journal rules and accounting rules.
- E. Journal entry rules are used to hold accounting rules.
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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. 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."
- C. 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.
- D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method may only be used by ledgers without a COA.
- B. Accounting rules cannot override the accounting method.
- C. The accounting method must have a mapping set to convert the accounts.
- D. The accounting method can be assigned to any ledger.
- E. Any secondary ledger that uses the method cannot have a COA.
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