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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. How is the standard cost of a manufactured configured item calculated?

A) It is based on the material and resource requirements of a released work order.
B) The standard cost is calculated for every possible combination of options under a model
C) The standard cost of a model item is calculated.
D) It is based on the actual cost of the work order after it is completed.

2. In which two scenarios would you define account rules based on value sets?

A) When a secondary ledger has a different COA
B) If a segment shares the same value set across multiple chart of accounts
C) In the absence of a chart of accounts on the accounting method
D) When a chart of accounts is assigned to the value set definition
E) When there is a mapping set to convert the accounts

3. Identify two characteristics of a cost profile.

A) It is where you define your Cost Accounting policies.
B) It is used for Receipt Accounting.
C) It is used for calculating the estimated cost of manufactured items under different scenarios.
D) It is where you define which cost method you want to use for the cost component to cost element mapping.

4. At what level can you define item cost profiles?

A) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
D) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

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

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