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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Receipt number
B) Bill of Lading
C) Shipment number
D) Expense invoice number
E) Internal requisition number

2. What are three cost method choices that are available in Cost Accounting?

A) Actual cost (FIFO or First In First Out)
B) Perpetual average cost
C) Periodic average cost
D) Actual cost (LIFO or Last In First Out)
E) Period end average cost
F) Standard cost

3. 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 not associated with any chart of accounts
B) Rule sets assigned to a secondary ledger with a different COA
C) Rule sets that have a mapping set to convert the accounts
D) Rule sets where the accounting rules override the method rule set
E) Rule sets that use the same chart of accounts

4. Identify two characteristics of an expense pool. (Choose two.)

A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
B) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
C) It is used only for analyzing gross margins on noninventory sales of services.
D) You can define the name of your expense pool, but you cannot define more than one.

5. 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) Landed Cost Management
C) Cost Accounting
D) Receipt Accounting
E) Inventory Management

Solutions: