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

  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 08, 2025     Q & A: 80 Questions and Answers

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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A) Perform cost account validations for August in Manage Cost Accounting Periods
B) Change the number of maximum open periods in Manage Cost Organization Relationships
C) Close the August period; you can never have two open periods at the same time.
D) Run the Transfer Transactions to Costing process.


2. 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) Inventory Organization/Landed Cost Charge/Third Party Supplier
E) Item/Business Unit/Route


3. Identify three characteristics of cost component to cost element mapping.

A) It is user-defined.
B) You cannot modify, duplicate, or create user-defined cost components.
C) It lets you define how cost component level costs will map into cost elements.
D) You can only define one cost component to cost element mapping for an installation.
E) It is one of the attributes you define as part of your cost profile definitions.


4. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Create a secondary ledger to track gain/loss.
B) Turn on the Subledger Gain or Loss Option.
C) Subledger Accounting is already set up to process it.
D) Create a foreign reporting currency to track gain/loss.


5. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

A) Review errors in the Create Accounting Execution report.
B) Query the transaction from Review Cost Accounting Distributions to see the error message.
C) Refer to the Accounting Event Diagnostic Log.
D) Review errors in the Create Accounting Execution log.
E) Refer to the Accounting Event Diagnostic report.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: A,C,E
Question # 4
Answer: B
Question # 5
Answer: A,B,E

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