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Oracle 1Z0-1074-22 Exam

Certification Provider: Oracle
Exam Name: Oracle Cost Management Cloud 2022 Implementation Professional
Duration: 90 Minutes
Number of questions in our database: 79
Exam Version: Jan. 27, 2023
1Z0-1074-22 Exam Official Topics:
  • 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 Common Projects Enabled SCM Configurations/ Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
  • Topic 3: Create Standard Costs, Resource Rates, and Overhead Rates/ Explain key implementation decision points
  • Topic 4: Explain the relationships of Subledger Components/ Describe the Receipt Accounting Work Area
  • Topic 5: Configure Costing methods (Standard, Perpetual, and Actual)/ Manage daily Receipt Accounting tasks
  • Topic 6: Manage Charge Names, Referance types & Routes/ Describe the Cost Accounting Work Area
  • Topic 7: Perform Cost Accounting processes & Reporting/ Analyze and resolve Standard Cost variances
  • Topic 8: Explain the Receipt & Cost Accounting Subledger/ Create a Subledger Journal Entry Rule set
  • Topic 9: Explain Common Inventory Configurations/ Managerial Accounting Overview/ Manage Daily Cost Accounting tasks
  • Topic 10: Analyze and resolve errors and exceptions/ Describe the Landed Cost Work Area
  • Topic 11: Manage Project enabled Work Orders/ Receipt Accounting processes
  • Topic 12: Configure Landed Cost Management/ Configure Accrue at period end
  • Topic 13: Costing and Inventory Foundations/ Receipt Accounting Overview

Free Oracle 1Z0-1074-22 Exam Actual Questions

The questions for 1Z0-1074-22 were last updated On Jan. 27, 2023

Question #1

You have an item with two work definitions. One work definition is production priority 1 and named Plan

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Correct Answer: A, A

Question #2

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others

What must they do to accomplish this?

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Correct Answer: D

Question #3

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

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Correct Answer: C, D, E

Question #4

You are verifying your distributions for your transactions. 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?

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Correct Answer: E

Question #5

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

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Correct Answer: A, B, C, F

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