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Updated: Oct 11, 2026
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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 |
| Related Certifications: | Oracle Fusion Cloud SCM Certification Oracle Cost Management Cloud 2023 Certified Implementation Professional |
| Certificate Validity Period: | Oracle certifications currently do not have a fixed expiration period, but credential relevance follows Oracle Cloud product release cycles. |
| Passing Score: | 68% |
| Available Languages: | English |
| Real Exam Qty: | 50 |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Choice |
| Exam Duration: | 90 minutes |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| 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 |
|---|---|
| Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Cost Management Foundations | - Cost Management Architecture
|
| Cost Period Close and Reporting | - Period-End Activities
|
| Manufacturing Cost Management | - Production Costing
|
| Cost Accounting | - Cost Processing
|
| Receipt and Acquisition Costing | - Procurement Costing
|
| Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Which three features are included in Receipt Accounting?
- A. Adjust Receipt Accrual Clearing Balances
- B. Analyze Standard Purchase Cost Variances
- C. Review Item Costs
- D. Review Journal Entries
- E. Create Receipt Accounting Distribution
Correct Answer: A,D,E 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Run the "Activate Accounting Methods" process.
- B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
Correct Answer: C,E 🗳️
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Accounts Payable role for the correct inventory organization.
Correct Answer: B 🗳️
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. Accounting rules cannot override the accounting method.
- B. The accounting method may only be used by ledgers without a COA.
- C. Any secondary ledger that uses the method cannot have a COA.
- D. The accounting method can be assigned to any ledger.
- E. The accounting method must have a mapping set to convert the accounts.
Correct Answer: D 🗳️
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Scrap Costs
- C. Variable Costs
- D. Output Costs
- E. Incremental Costs
- F. Input Costs
Correct Answer: A,B,D,F 🗳️
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