Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1Z0-1074-23 |
| Real Exam Qty: | 50 |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Exam Duration: | 90 minutes |
| Passing Score: | 68% |
| Certificate Validity Period: | Oracle certifications currently do not have a fixed expiration period, but credential relevance follows Oracle Cloud product release cycles. |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Fusion Cloud SCM Certification Oracle Cost Management Cloud 2023 Certified Implementation Professional |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online Proctored Exam or Pearson VUE Test Center |
| Pre Condition: | Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes. |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2023-implementation-professional/trackp_OMC23CIP |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting | - Cost Processing
|
| Topic 2: Cost Management Foundations | - Cost Management Architecture
|
| Topic 3: Manufacturing Cost Management | - Production Costing
|
| Topic 4: Cost Period Close and Reporting | - Period-End Activities
|
| Topic 5: Receipt and Acquisition Costing | - Procurement Costing
|
| Topic 6: Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Topic 7: Inventory Costing Configuration | - Cost Structures and Cost Elements
|
1z0-1074-23 Exam FAQ: Try It First
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The Oracle Cost Management Cloud 2023 Implementation Essentials exam requires 68% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the NewPassLeader engines before booking is the cheaper option.
The official Oracle Cost Management Cloud 2023 Implementation Essentials outline defines 7 domains. The leading three are Receipt and Acquisition Costing, Cost Accounting, and Cost Period Close and Reporting. The full list is in the topics section above, and NewPassLeader's 80 practice questions cover each one.
The Oracle Cost Management Cloud 2023 Implementation Essentials exam contains 50 to complete within 90 minutes. Timed simulation in the NewPassLeader Desktop Test Engine teaches that rhythm before exam day does.
Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 80 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The 1z0-1074-23 exam is a Oracle certification exam validating the Oracle Cost Management Cloud 2023 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Cost Management Cloud 2023 Certified Implementation Professional, Oracle Fusion Cloud SCM Certification. Earning it in 2026 demonstrates ability in a form employers recognize — and NewPassLeader prepares candidates with 80 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.
Oracle recommends these training resources for the Oracle Cost Management Cloud 2023 Implementation Essentials exam:
Follow the training with steady self-testing — the 80 practice questions from NewPassLeader help you apply theory and fill any gaps the training leaves.
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than 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. These transactions will never be processed in any subsequent cost processor run.
- D. 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.
Correct Answer: A 🗳️
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 the Purchasing Line types to 4-way match.
- B. Change the Purchasing Line types to 3-way match.
- C. Change the Receipt Close tolerance so it is 100 percent.
- D. Change expense items to accrue at period end.
- E. Change inventory items to accrue at period end.
Correct Answer: A,B 🗳️
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It is used only for analyzing gross margins on noninventory sales of services.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
Correct Answer: C,D 🗳️
You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?
- A. Orders
- B. Routes
- C. Charge Name
- D. Cost Scenario
- E. Trade Operation
Correct Answer: E 🗳️
Identify two characteristics of a cost profile.
- A. It is used for Receipt Accounting.
- B. It is where you define which cost method you want to use for the cost component to cost element mapping.
- C. It is used for calculating the estimated cost of manufactured items under different scenarios.
- D. It is where you define your Cost Accounting policies.
Correct Answer: A,D 🗳️
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