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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. In which two scenarios would you define account rules based on value sets?

A) If a segment shares the same value set across multiple chart of accounts
B) When there is a mapping set to convert the accounts
C) In the absence of a chart of accounts on the accounting method
D) When a secondary ledger has a different COA
E) When a chart of accounts is assigned to the value set definition

2. 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 will ensure the Accrue on Receipt check box is not selected by default?

A) Change inventory items to accrue at period end.
B) Change expense items to accrue at period end.
C) Change the Receipt Close tolerance so it is 100 percent.
D) Change the Purchasing Line types to 4-way match.
E) Change the Purchasing Line types to 3-way match.

3. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their audit receipt accrual clearing balances.
B) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
C) Review their accrual balances and clear them.
D) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
E) Review their Receipt Accounting processes that show whether any processes failed and why.

4. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Copy and rename predefined subledger journal entry rule sets before modifying them.
B) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
C) Use a different journal entry rule set for each ledger with a different accounting convention.
D) Journal entry rule sets do not require accounting rules.
E) The subledger journal entry rule set does not need the same accounting event type as the accounting method.

5. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Every cost organization must use different book names; they cannot be shared.
C) A cost organization has one book that posts to the primary ledger.
D) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

Solutions: