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 #17

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

B. The cost of resources consumed at the OEM's factory

C. The cost of the contract manufacturing service Item. This is the price that the contract

D. 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

E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Discussion 0

Correct Answer: A,D Vote an answer

Question #18

Identify two purposes of Sub ledger Accounting.

A. to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level

B. to maintain backward compatibility

C. to calculate costs for transactions

D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger

E. to centralize accounting string generation across all modules

Discussion 0

Correct Answer: C,D Vote an answer

Question #19

You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Subinventory, Lot, Serial, Locator

B. Subinventory, Make, Lot, Serial

C. Grade, Serial, Group, Lot

D. Grade, Subinventory, Locator, Serial

E. Subinventory. Lot, Serial, Grade

Discussion 0

Correct Answer: E Vote an answer

Question #20

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A. Subledger Accounting is already set up to process it.

B. Create a secondary ledger to track gain/loss.

C. Turn on the Subledger Gain or LossOption.

D. Create a foreign reporting currency to track gain/loss.

Discussion 0

Correct Answer: D Vote an answer

Question #21

Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.

A. Expense invoice number

B. Internal requisition number

C. Shipment number

D. Bill of Lading

E. Receipt number

Discussion 0

Correct Answer: B,C Vote an answer

Question #22

Which three tasks can becompleted in the Receipt Accounting work area?

A. Review Cost Accounting Distributions

B. Review and Approve Item Cost Profiles

C. Create Receipt Accounting Distributions

D. Create Accounting

E. Manage Accrual Clearing Rules

F. Review Item Costs

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #23

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A. Run the Transfer Transactions from Inventory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No

B. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft *Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No

C. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No

D. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No

E. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No

Discussion 0

Correct Answer: B Vote an answer

Question #24

How is the standard cost of a manufactured configured item calculated?

A. The standard cost is calculated for every possible combination of options under a model

B. It is based on the material and resource requirements of a released work order.

C. It is based on the actual cost of the work order after it is completed.

D. The standard cost of a model item is calculated.

Discussion 0

Correct Answer: D Vote an answer

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