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  • Exam Name: Oracle Cost Management Cloud 2023Implementation Essentials
  • Last Update: 02-May-2024
  • Questions and Answers: 79
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1z0-1074-23 Questions and Answers

Question # 1

Select two ways to define the standard cost for an item from the Cost Accounting work area.

A.

Manage the Item Cost task.

B.

Import standard costs from receipt layers.

C.

Manage the Standard Cost task.

D.

Create Standard Cost in a spreadsheet.

Question # 2

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.

How do you accomplish this?

A.

Turn off merge matching lines in the journal line rule.

B.

Turn off the summarize flag in the journal line rule.

C.

Write a custom report.

D.

Turn on detailed posting for GL in the ledger setup.

E.

Extract distribution accounting entries.

Question # 3

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

A.

Purchase Variance Summary

B.

Journal Entries

C.

Item Costs

D.

Cost Processing

E.

Work Order Costs

F.

Inventory Valuation

Question # 4

Which four steps need to be completed to establish standard costs for a make item?

A.

Export item costs

B.

Run preprocessor

C.

Complete cost roll-up

D.

Publish costs

E.

Create a new cost scenario

F.

Add standard costs to a cost scenario

Question # 5

Which three features are included in Receipt Accounting?

A.

Analyze Standard Purchase Cost Variances

B.

Create Receipt Accounting Distribution

C.

Review Item Costs

D.

Adjust Receipt Accrual Clearing Balances

E.

Review Journal Entries

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