Oracle 1Z1-1074 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z1-1074
Exam Name/Title: Oracle Cost Management Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud

Exam Questions: 80
Updated On: Jul 09, 2026

Question #9

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. Cost Accounting

B. Product Model

C. Receipt Accounting

D. Inventory Management

E. Landed Cost Management

Discussion 0

Correct Answer: D Vote an answer

Question #10

A manager has decided to close the period by not allowing any new transactions, except for correctionsand adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A. Open

B. Permanently Closed

C. Closed

D. Close Pending

E. Never Opened

Discussion 0

Correct Answer: C Vote an answer

Question #11

Identify two characteristics of an expense pool. (Choose two.)

A. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto thebalance sheet as inventory value.

C. You can define the name of your expense pool, but you cannot define more than one.

D. It isused only for analyzing gross margins on noninventory sales of services.

Discussion 0

Correct Answer: A,B Vote an answer

Question #12

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the highest production priority

B. Work definitionswith the highest costing priority

C. Work definitions with the lowest production cost

D. Work definitions without alternates

E. Work definitions with specific unit numbers

Discussion 0

Correct Answer: C,E Vote an answer

Question #13

Identify two characteristics of Landed Cost charge names.

A. You can use multiple currencies within a trade operation for the samecharge name on different lines.

B. Duty is a seededcharge name for Landed Cost.

C. Charge names cannot be associated with a PO schedule.

D. Charge names cannot be used to tie an invoice to a trade operation.

E. You can modify a charge name until it is associated with a trade operation.

Discussion 0

Correct Answer: A,E Vote an answer

Question #14

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

B. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

C. It must always use the work definition with the October 1, 2015 effective date.

D. It will use the work definition with the January 2, 2016effective date.

Discussion 0

Correct Answer: B Vote an answer

Question #15

Which two rules determine whether a condition has been met for accounting rules?

A. Priorities determine the order in which accounting rule conditions are examined.

B. Use parenthesis to control the order of the condition evaluation.

C. When the condition is met, the rule associated with thatpriority is used.

D. After all conditions are tested, the final resulting value isused.

E. The conditions are evaluated in the sequence they are defined in the accounting rule.

Discussion 0

Correct Answer: C,E Vote an answer

Question #16

You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

A. Change inventory items to accrue at period end.

B. Change the Purchasing Line types to 4-way match.

C. Change the Purchasing Line types to 3-way match.

D. Change expense items to accrue at period end.

E. Change the Receipt Close tolerance so it is 100 percent.

Discussion 0

Correct Answer: B,C Vote an answer

Download Free Oracle 1Z1-1074 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z1-1074 exam.