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

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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Trade Operation
B) Trade Operation Templates
C) Routes
D) Charge Name
E) Reference Types

2. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Variable Costs
B) Standard Cost variances
C) Output Costs
D) Incremental Costs
E) Input Costs
F) Scrap Costs

3. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A) Orders
B) Cost Scenario
C) Trade Operation
D) Routes
E) Charge Name

4. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Receiving Inspection, Credit Accrued Liability
B) Debit Expense, Credit Receiving Inspection
C) Debit Charge Account (expense or inventory), Credit Receiving Inspection
D) Debit Expense, Credit Expense Accrual
E) Debit Accrued Liability, Credit Accounts Payable

5. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Transfer transactions from Receiving to Costing.
B) Activate its journal entry rule set assignments.
C) Create Accounting.
D) Execute the Preprocessor.
E) Transfer costs to Cost Management.

Solutions: