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

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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) The accounting method can be assigned to any ledger.
B) The accounting method must have a mapping set to convert the accounts.
C) Any secondary ledger that uses the method cannot have a COA.
D) The accounting method may only be used by ledgers without a COA.
E) Accounting rules cannot override the accounting method.

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

A) Legal Entity and Cost Organization
B) Business Unit and Cost Organization
C) Business Unit and Inventory Organization
D) Business Unit and Legal Entity
E) Inventory Organization and Cost Organization
F) Inventory Organization and Legal Entity

3. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Item Catalog/Inventory Organization/Business Unit
B) Item Category/Material Supplier/Landed Cost Charge
C) Business Unit/Landed Cost Charge/Cost Organization
D) Item/Business Unit/Route
E) Inventory Organization/Landed Cost Charge/Third Party Supplier

4. Identify two ways that standard cost is calculated.

A) The standard cost is the sum of the cost of the selected option items.
B) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
C) The cost of a configured item is calculated based on the work definition of the model item.
D) Users must manually enter the cost of each configured item; the calculation is not automated.
E) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

5. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Analyzing and Comparing Costs
B) Management Cost Accounting Periods
C) Review Item Costs
D) Review Work Order Costs
E) Estimating Standard Costs for Assemblies
F) Manage Resource Rates

Solutions: