Most Recent Oracle 1Z0-1074-23 Exam Dumps

Prepare for the Oracle Cost Management Cloud 2023 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1074-23 exam and achieve success.

The questions for 1Z0-1074-23 were last updated on Jun 4, 2026.

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Question No. 1

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.

Which accounting entries signal this process has taken place?

ADebit Charge Account (expense or inventory), Credit Receiving Inspection

BDebit Accrued Liability, Credit Accounts Payable

CDebit Receiving Inspection, Credit Accrued Liability

DDebit Expense, Credit Receiving Inspection

EDebit Expense, Credit Expense Accrual

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Correct Answer: A

Question No. 2

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.

Which subject area would you select to create this report?

AReceipt Accounting- Receipt Accounting Distributions Real Time

BReceipt Accounting-- Receipt Accounting Transactions Real Time

CCosting --Receipt Accounting Real Time

DFinancials-Subledger Accounting-Detail Transactions

ECosting-Cost Accounting Real Time

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Correct Answer: D

Question No. 3

Which three cost planning tasks can be performed in the Cost Accounting work area?

AManagement Cost Accounting Periods

BAnalyzing and Comparing Costs

CReview Work Order Costs

DEstimating Standard Costs for Assemblies

EManage Resource Rates

FReview Item Costs

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Correct Answer: B, D, E

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11

Question No. 4

Identify two characteristics of an expense pool. (Choose two.)

AIt helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

BIt is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

CYou can define the name of your expense pool, but you cannot define more than one.

DIt is used only for analyzing gross margins on noninventory sales of services.

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Correct Answer: A, B

Question No. 5

Which two outcomes can happen in create accounting when an account combination returned is end dated?

AThe original account is stored on the journal line.

BSuspense accounts cannot be used.

CAn alternate account will be used if provided.

DAn error will always occur.

EThe preprocessor will pre-warn about this error.

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Correct Answer: A, C

https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

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