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Exam Code: 1z0-1074-23
Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Updated: Sep 14, 2026
Q & A: 80 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Topic 2: Cost Management Cloud Overview | - Integration with Oracle SCM Cloud - Key business processes and architecture |
| Topic 3: Setup and Configuration | - Costing methods configuration - Inventory valuation setup - Cost organization and cost profiles setup |
| Topic 4: Cost Accounting and Processing | - Period close and cost rollup - Cost accounting distributions - Cost calculation processes |
| Topic 5: Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
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 chart of accounts (COA) must be specified on the accounting method for which two situations?
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
Which two steps need to be completed to estimate landed costs?
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