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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three Landed Cost Management tasks.

A) Capture Charges
B) Perform Allocations
C) View Rolled Up Costs
D) Manage Cost Scenarios
E) Review Journal Entries
F) Create Accounting

2. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Create a condition for a journal line for freight.
B) Sub ledger accounting is set up to accomplish this out-of-the-box.
C) Line Type must be set to Freight.
D) Account Class must be set to Freight.

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

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

4. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
B) Event Class: Expense Accrual Event Type: Expense Accrual
C) Event Class: Expense Accrual Event Type: Period End Accrual
D) Event Class: Period End Accrual Event Type: Period End Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

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

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

Solutions: