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

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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three characteristics of cost component to cost element mapping.

A) You can only define one cost component to cost element mapping for an installation.
B) It is one of the attributes you define as part of your cost profile definitions.
C) It lets you define how cost component level costs will map into cost elements.
D) It is user-defined.
E) You cannot modify, duplicate, or create user-defined cost components.

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

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

3. Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A) Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
B) Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
C) Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
D) Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
E) Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

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

A) Cost Processing
B) Inventory Valuation
C) Item Costs
D) Journal Entries
E) Work Order Costs
F) Purchase Variance Summary

5. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct cost organization.
B) Create Data Access on the Accounts Payable role for the correct inventory organization.
C) Create Data Access on the Cost Accountant role for the correct inventory organization.
D) Create Data Access on the Accounts Payable role for the correct cost organization.

Solutions: