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Oracle 1z0-1074-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Explain the Role of Costing Key setups and Cost policies
  • Explain Cost Accounting and how it integrates with other modules

Topic 2
  • Explain the Receipt & Cost Accounting Subledger
  • Create a Subledger Journal Entry Rule set

Topic 3
  • Create Standard Costs, Resource Rates, and Overhead Rates
  • Explain key implementation decision points

Topic 4
  • Explain Common Projects Enabled SCM Configurations
  • Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost

Topic 5
  • Manage Project enabled Work Orders
  • Receipt Accounting processes

Topic 6
  • Explain Common Inventory Configurations
  • Managerial Accounting Overview
  • Manage Daily Cost Accounting tasks

Topic 7
  • Configure Landed Cost Management
  • Configure Accrue at period end

Topic 8
  • Perform Cost Accounting processes & Reporting
  • Analyze and resolve Standard Cost variances

Topic 9
  • Costing and Inventory Foundations
  • Receipt Accounting Overview


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Oracle Cost Management Cloud 2022 Implementation Professional Sample Questions (Q38-Q43):

NEW QUESTION # 38
Which three cost planning tasks can be performed in the Cost Accounting work area?

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

Answer: A,B,E Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicIdPC97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 39
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

  • A. Receipt number
  • B. Expense invoice number
  • C. Internal requisition number
  • D. Shipment number
  • E. Bill of Lading

Answer: C,D
NEW QUESTION # 40
Identify two characteristics of an expense pool. (Choose two.)

  • A. It is used only for analyzing gross margins on noninventory sales of services.
  • B. You can define the name of your expense pool, but you cannot define more than one.
  • C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
  • D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

Answer: C,D
NEW QUESTION # 41
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that holdnormal 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. 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.
  • B. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
  • C. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
  • D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returnedgoods subinventory.
  • E. 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."

Answer: E
NEW QUESTION # 42
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 Accounting Methods" process.
  • B. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
  • C. Run the "Activate Sub ledger Journal Entry RuleSet Assignments" process.
  • D. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
  • E. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

Answer: C,D
NEW QUESTION # 43
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