Free 1Z0-1074 Questions for Oracle Cost Management Cloud 2019 Implementation Essentials 1Z0-1074 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1074
Exam Name/Title: Oracle Cost Management Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud

Exam Questions: 80
Updated On: May 27, 2026

Question #1

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

A. Scrap Costs

B. Output Costs

C. Variable Costs

D. Standard Cost variances

E. Incremental Costs

F. Input Costs

Discussion 0

Correct Answer: A,B,D,F Vote an answer

Question #2

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

B. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

C. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

D. Run the "Activate Accounting Methods" process.

E. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.

Discussion 0

Correct Answer: A,E Vote an answer

Question #3

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Inventory Management

B. Product Model

C. Cost Accounting

D. Receipt Accounting

E. Landed Cost Management

Discussion 0

Correct Answer: A Vote an answer

Question #4

You are verifying your distributions for yourtransactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A. Run the Transactions from Procurement to Costing process.

B. Run the Clear Receipt Accrual Balances process.

C. Run the Create Accounting process.

D. Run the Transactions from Receiving to Costing process.

E. Run theTransfer Costs from Payables to Cost Management process.

Discussion 0

Correct Answer: D Vote an answer

Question #5

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

C. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

D. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returnedgoods subinventory.

Discussion 0

Correct Answer: D Vote an answer

Question #6

Which two steps need to be completed to estimate landed costs?

A. Allocate charges

B. Transfer transactions from the Inventory to the Costing process.

C. Update standard costs.

D. Prepare the Material Purchase Order Data process.

E. Transfer transactions from the Payables to the Costing process.

Discussion 0

Correct Answer: A,C Vote an answer

Question #7

You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan
B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A. The application will generate an error because there are two work definitions for the same item.

B. The scenario will choose the work definition that is production priority 1.

C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

D. The cost planning scenario will use both work definitions for the item.

E. The application will use the work definition that isnamed Plan B.

Discussion 0

Correct Answer: B Vote an answer

Question #8

Which statement is true regarding the cost cutoff date in Cost Accounting?

A. It only affects whether or not you can process a cost adjustment.

B. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

C. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.

D. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Discussion 0

Correct Answer: C Vote an answer

Free 1Z0-1074 Questions for Oracle Cost Management Cloud 2019 Implementation Essentials 1Z0-1074 Exam as PDF & Practice Test Engine

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