1Z0-1074-23 – Q&A PDF Exam

Description

Oracle Cost Management Cloud 2023 Implementation Professional Exam Number: 1Z0-1074-23 Format: Multiple Choice Duration: 90 Minutes Number of Questions: 55 Passing Score: 62% Validation: This exam has been validated against 22A/22B/22C/22D/23A/23B. Policy: Cloud Recertification Earn associated certifications Passing this exam is required to earn these certifications. Select each certification title below to view full requirements. Oracle Cost Management Cloud 2023 Certified Implementation Professional Prepare to pass exam: 1Z0-1074-23 An Oracle Cost Management 2023 Certified Implementation Professional has demonstrated the knowledge required to manage landed costs, manage subledger accounting, manage cost scenarios, and configure costing methods and Project Enabled Supply Chain. Individuals who earn this certification are able to perform receipt accounting processes and analyze and resolve standard cost variances. If you have a valid Oracle Cost Management Cloud Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam. Login to Oracle CertView to check if your certification credential has expired or is still valid. Check the Oracle Recertification Policy to see if you qualify. Take recommended training Complete one of the courses below to prepare for your exam (optional): Become a Certified Cost Management Implementer Additional Preparation and Information A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam. Review exam topics Managerial Accounting Overview Explain Cost Accounting and how it integrates with other modules Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost Explain key implementation decision points Receipt Accounting Overview Describe the Receipt Accounting Work Area Explain Receipt Accounting Configure Accrue at period end Receipt Accounting processes Manage daily Receipt Accounting tasks Cost Accounting Overview Describe the Cost Accounting Work Area Explain Cost Accounting Configure Costing methods (Standard, Perpetual, Actual, and Periodic average cost methods) Create Cost Accounting Key setups (Cost Org, Cost Book, Relationships, Elements, Components, Component Mappings, Valuation Structures, Cost Profiles, and Default Cost Profiles) Explain the Role of Costing Key setups and Cost policies Perform Cost Accounting processes & Reporting Manage Daily Cost Accounting tasks Standard Costs Manage Cost scenarios Create Standard Costs, Resource Rates, and Overhead Rates Manage rolled-up Costs Analyze and resolve Standard Cost variances Landed Cost Overview Describe the Landed Cost Work Area Explain Landed Cost Configure Landed Cost Management Manage Charge Names, Reference types & Routes Subledger Accounting Explain the Receipt & Cost Accounting Subledger Create Account Rules Create Journal Line Rules Create a Subledger Journal Entry Rule set Create an Accounting Method Explain the relationships of Subledger Components Analyze and resolve errors and exceptions Costing and Inventory Foundations Explain Common Inventory Configurations Projects Enabled Supply Chain Explain Common Projects Enabled SCM Configurations Manage Project enabled Work Orders QUESTION 1 Select the two valid relationships between subledger components. A. The accounting method holds the accounting rules by Event Class and Event Type. B. The journal lines hold the journal entry rule sets. C. The accounting method groups journal entry rule sets by Event Class and Event Type. D. Journal entry rules are used to hold accounting rules. E. Journal entry rule sets hold journal rules and accounting rules. Answer: DE QUESTION 2 The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to dothis? A. Material Receipts B. Charge Names C. PreReference Types D. Routes E. Trade Operation Template Answer: C QUESTION 3 If the Create Accountingprocessendswitherrorsorwarnings, whichthree statements outline places you can go to get more detailed information about the specific errors and warnings? A. Query the transaction from Review Cost Accounting Distributions to see the error message. B. Review errors in the Create Accounting Execution report. C. Refer to the Accounting Event Diagnostic report. D. Refertothe Accounting Event Diagnosticlog. E . Reviewerrorsinthe Create Accounting Execution log. Answer: B QUESTION 4 Which two types of costs are included in the cost of contract manufactured items? A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items C. The cost of resources consumed at the OEM’s factory D. The cost of the contract manufacturing service Item. This is the price that the contract E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit. Answer: AB QUESTION 5 Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units. Which two configurations will support this request? A. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to “No”. B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End. C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End. D. Product Information Item> Search and select theexpense item> Specifications > Manufacturing > Verify that Inventory Asset Value is set to “Yes”. E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt. F. Manage Common Options for Payables and Procurement > Select thebusiness unit > Expense Accruals > Set Accrue Expense Items to At Receipt. Answer: CF QUESTION 6 Identify four characteristics of a cost element. A. Users can define any number of cost elements. B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing. C. It is the granularity at which costs are tracked and accounted. D. It is user-defined. E. The mapping of cost components into cost elements is user-defined. F. It uses date effectivity. Answer: BDEF Make The Best Choice Chose – Joogate Make yourself more valuable in today’s competitive computer industry Joogate’s preparation material includes the most excellent features, prepared by the same dedicated experts who have come together to offer an integrated solution. We provide the most excellent and simple method to pass your Oracle Oracle Cloud Solutions 1Z0-1074-23 exam on the first attempt . will prepare you for your exam effectively. 1Z0-1074-23 Study Guide. Your exam will download as a single 1Z0-1074-23 PDF or complete 1Z0-1074-23 preparation material as well as over +4000 other technical exam PDF and study material downloads. Forget buying your prep materials separately at three time the price of our – skip the 1Z0-1074-23 audio exams and select the one package that gives it all to you at your discretion: 1Z0-1074-23 Study Materials featuring the study material. Joogate 1Z0-1074-23 Exam Prepration Tools Joogate Oracle Oracle Cloud Solutions preparation begins and ends with your accomplishing this credential goal. Although you will take each Oracle Oracle Cloud Solutions online test one at a time – each one builds upon the previous. Remember that each Oracle Oracle Cloud Solutions exam paper is built from a common certification foundation. 1Z0-1074-23 Exam preparation materials Beyond knowing the answer, and actually understanding the 1Z0-1074-23 test questions puts you one step ahead of the test. Completely understanding a concept and reasoning behind how something works, makes your task second nature. Your 1Z0-1074-23 quiz will melt in your hands if you know the logic behind the concepts. Any legitimate Oracle Oracle Cloud Solutions prep materials should enforce this style of learning – but you will be hard pressed to find more than a Oracle Oracle Cloud Solutions practice test anywhere other than Joogate. 1Z0-1074-23 Exam Questions and Answers with Explanation This is where your Oracle Oracle Cloud Solutions 1Z0-1074-23 exam prep really takes off, in the testing your knowledge and ability to quickly come up with answers in the 1Z0-1074-23 online tests. Using Oracle Cloud Solutions 1Z0-1074-23 practice exams is an excellent way to increase response time and queue certain answers to common issues. 1Z0-1074-23 Exam Study Guides All Oracle Oracle Cloud Solutions online tests begin somewhere, and that is what the Oracle Oracle Cloud Solutions training course will do for you: create a foundation to build on. Study guides are essentially a detailed Oracle Oracle Cloud Solutions 1Z0-1074-23 tutorial and are great introductions to new Oracle Oracle Cloud Solutions training courses as you advance. The content is always relevant, and compound again to make you pass your 1Z0-1074-23 exams on the first attempt. You will frequently find these 1Z0-1074-23 PDF files downloadable and can then archive or print them for extra reading or studying on-the-go. 1Z0-1074-23 Exam Video Training For some, this is the best way to get the latest Oracle Oracle Cloud Solutions 1Z0-1074-23 training. However you decide to learn 1Z0-1074-23 exam topics is up to you and your learning style. The Joogate Oracle Oracle Cloud Solutions products and tools are designed to work well with every learning style. Give us a try and sample our work. You’ll be glad you did. 1Z0-1074-23 Other Features * Realistic practice questions just like the ones found on certification exams. * Each guide is composed from industry leading professionals real Oracle Oracle Cloud Solutionsnotes, certifying 100% brain dump free. * Study guides and exam papers are help you prepare effectively or . * Designed to help you complete your certificate using only * Delivered in PDF format for easy reading and printing Joogate unique CBT 1Z0-1074-23 will have you dancing the Oracle Oracle Cloud Solutions jig before you know it * Oracle Cloud Solutions 1Z0-1074-23 prep files are frequently updated to maintain accuracy. Your courses will always be up to date. Get Oracle Cloud Solutions ebooks from Joogate which contain real 1Z0-1074-23 exam questions and answers. You WILL pass your Oracle Cloud Solutions exam on the first attempt using only Joogate’s Oracle Cloud Solutions excellent preparation tools and tutorials.