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Oracle 1z0-1074-23 Exam Syllabus Topics:

Section	Objectives
Manufacturing Cost Management	- Production Costing 1. Analyze resource and overhead costs 2. Process manufacturing cost transactions 3. Manage work order costing
Inventory Costing Configuration	- Cost Structures and Cost Elements 1. Configure cost elements and cost components 2. Manage valuation units 3. Define cost profiles
Cost Period Close and Reporting	- Period-End Activities 1. Execute cost accounting period close 2. Generate cost management reports 3. Reconcile inventory and accounting balances
Cost Accounting	- Cost Processing 1. Configure cost accounting distributions 2. Review accounting entries and cost adjustments 3. Manage transaction costing
Receipt and Acquisition Costing	- Procurement Costing 1. Analyze landed cost impacts 2. Process acquisition costs 3. Manage purchase order receipt costing
Cost Management Foundations	- Cost Management Architecture 1. Understand Oracle Cost Management Cloud concepts 2. Define inventory valuation structures 3. Configure cost organizations and cost books
Troubleshooting and Analysis	- Diagnostics and Exception Handling 1. Review costing errors and exceptions 2. Analyze transaction processing issues 3. Resolve accounting and valuation discrepancies

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Estimating Standard Costs for Assemblies
B. Analyzing and Comparing Costs
C. Manage Resource Rates
D. Management Cost Accounting Periods
E. Review Item Costs
F. Review Work Order Costs

Question 2

Identify three characteristics of cost component to cost element mapping.

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

Question 3

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A. Item Category/Material Supplier/Landed Cost Charge
B. Business Unit/Landed Cost Charge/Cost Organization
C. Inventory Organization/Landed Cost Charge/Third Party Supplier
D. Item Catalog/Inventory Organization/Business Unit
E. Item/Business Unit/Route

Question 4

Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A. Costing Balances Report
B. Inventory Valuation Report
C. Revenue and COGS Matching Report
D. Inventory Account Balances Report
B COGS Account Balances Report

Question 5

Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. COGS and Revenue Matching Report
B. Layer Inventory Valuation Report
C. Costing Account Balances Report
D. Inventory Valuation Report
E. In-transit Valuation Report
F. Cost Accounting Valuation Report
G. Work in Process Inventory Valuation Report