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

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Sep 22, 2026

Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Receipt Accounting	20%	- Processes and reporting - Overview and work area - Configure accrual options
Topic 2: Managerial Accounting Overview	15%	- Explain cost accounting and integration - Identify key implementation decisions
Topic 3: Cost Accounting	25%	- Costing methods: standard, perpetual, actual - Setup: organizations, books, elements - Processing and daily tasks
Topic 4: Landed Cost Management	10%	- Manage charges and routes - Overview and configuration
Topic 5: Standard Costs	15%	- Create and roll up costs - Analyze variances - Manage scenarios and rates
Topic 6: Subledger Accounting	10%	- Account rules and journal setups - Accounting methods and exceptions
Topic 7: Project Enabled Supply Chain	5%	- Project work order costing - Configuration overview

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
B. Journal entry rule sets do not require accounting rules.
C. Copy and rename predefined subledger journal entry rule sets before modifying them.
D. Use a different journal entry rule set for each ledger with a different accounting convention.
E. The subledger journal entry rule set does not need the same accounting event class as the accounting method.

Reveal Solution Discussion 0

Correct Answer: A,E 🗳️

Question #2

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 ledgers that have unique accounting requirements
C. When account combination rules use constants
D. When using account combination rules
E. When using segment rules

Reveal Solution Discussion 0

Correct Answer: A,E 🗳️

Question #3

Identify three Landed Cost Management tasks.

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

Reveal Solution Discussion 0

Correct Answer: B,E,F 🗳️

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Question #4

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A. It can help you with consolidated financial reporting.
B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
C. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
D. It is only used when you do not need to maintain an arm's length relationship.
E. It can help you understand true margins and value added by internal business units through the internal supply chain.