Download Oracle : 1z0-1074-23 Questions & Answers as PDF & Test Software
Updated: Jun 04, 2026
No. of Questions: 80 Questions & Answers with Testing Engine
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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Which three features are included in Receipt Accounting?
A) Create Receipt Accounting Distribution
B) Analyze Standard Purchase Cost Variances
C) Review Journal Entries
D) Review Item Costs
E) Adjust Receipt Accrual Clearing Balances
2. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
A) Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
B) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
C) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
D) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.
E) Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
F) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
3. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) Every accounting method should have a COA.
B) When using segment rules
C) When account combination rules use constants
D) When using ledgers that have unique accounting requirements
E) When using account combination rules
4. How is the standard cost of a manufactured configured item calculated?
A) The standard cost is calculated for every possible combination of options under a model
B) It is based on the actual cost of the work order after it is completed.
C) It is based on the material and resource requirements of a released work order.
D) The standard cost of a model item is calculated.
5. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
A) Rule sets that have a mapping set to convert the accounts
B) Rule sets where the accounting rules override the method rule set
C) Rule sets that use the same chart of accounts
D) Rule sets not associated with any chart of accounts
E) Rule sets assigned to a secondary ledger with a different COA
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: C,F | Question # 3 Answer: A,B | Question # 4 Answer: D | Question # 5 Answer: C,D |
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