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

1z0-1074-23 real exams

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Sep 16, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Cost Accounting25%- Setup: organizations, books, elements
- Processing and daily tasks
- Costing methods: standard, perpetual, actual
Subledger Accounting10%- Account rules and journal setups
- Accounting methods and exceptions
Standard Costs15%- Create and roll up costs
- Manage scenarios and rates
- Analyze variances
Project Enabled Supply Chain5%- Configuration overview
- Project work order costing
Receipt Accounting20%- Overview and work area
- Configure accrual options
- Processes and reporting
Landed Cost Management10%- Overview and configuration
- Manage charges and routes
Managerial Accounting Overview15%- Identify key implementation decisions
- Explain cost accounting and integration

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

  • A. Routes
  • B. Trade Operation
  • C. Reference Types
  • D. Trade Operation Templates
  • E. Charge Name
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Question #2

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. Product Model
  • B. Cost Accounting
  • C. Receipt Accounting
  • D. Inventory Management
  • E. Landed Cost Management
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

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. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
  • C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
  • D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

  • A. Purchasing
  • B. Financial Orchestration
  • C. Order Management
  • D. Inventory
  • E. Shipping
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

A chart of accounts (COA) must be specified on the accounting method for which two situations?

  • A. When account combination rules use constants
  • B. When using ledgers that have unique accounting requirements
  • C. Every accounting method should have a COA.
  • D. When using segment rules
  • E. When using account combination rules
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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