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 #25

What are the predefined areas that give youvisibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

Discussion 0

Correct Answer: B Vote an answer

Question #26

You need to simulateand estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A. Trade Operation

B. Orders

C. Cost Scenario

D. Routes

E. Charge Name

Discussion 0

Correct Answer: A Vote an answer

Question #27

What are three cost method choices that are available in Cost Accounting?

A. Actual cost (FIFO or First In First Out)

B. Periodic average cost

C. Perpetual average cost

D. Actual cost (LIFO or Last In First Out)

E. Standard cost

F. Period end average cost

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #28

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A. Accrual Clearing Report

B. Accrual Reconciliation Report

C. Accrual Supplier Liability Report

D. Receipt Accounting Real Time Report

E. Uninvoiced Receipt Accrual Report

Discussion 0

Correct Answer: B Vote an answer

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Question #29

Which statement is true regarding the cost cutoff date in Cost Accounting?

A. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

B. It only affects whether or not you can process a cost adjustment.

C. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.

D. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Discussion 0

Correct Answer: C Vote an answer

Question #30

After "Cost AccountingProcessor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Overhead

B. Cost of Goods Sold

C. In-transit

D. Retro-reprice

E. Adjustments

Discussion 0

Correct Answer: A Vote an answer

Question #31

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?

A. Run the Transfer Transactions toCosting process.

B. Perform cost account validations for August in Manage Cost Accounting Periods

C. Close the August period; you can never have two open periods at the same time.

D. Change the number of maximum open periods in Manage Cost Organization Relationships

Discussion 0

Correct Answer: A Vote an answer

Question #32

Select two ways to define the standard cost for an item from the Cost Accounting work area.

A. Manage the Item Cost task.

B. Create Standard Cost in a spreadsheet.

C. Manage the Standard Costtask.

D. Import standard costs from receipt layers.

Discussion 0

Correct Answer: A,B Vote an answer

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