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 Apr 30, 2025.

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Question No. 1

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.

How do you get the journal line rule to calculate the gain or loss?

ACreate a foreign reporting currency to track gain/loss.

BCreate a secondary ledger to track gain/loss.

CTurn on the Subledger Gain or Loss Option.

DSubledger Accounting is already set up to process it.

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Correct Answer: C

Question No. 2

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

AThe accounting method must have a mapping set to convert the accounts.

BAccounting rules cannot override the accounting method.

CThe accounting method can be assigned to any ledger.

DAny secondary ledger that uses the method cannot have a COA.

EThe accounting method may only be used by ledgers without a COA.

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Correct Answer: C

Question No. 3

Identify two purposes of Sub ledger Accounting.

Ato maintain backward compatibility

Bto obtain detailed information for audit purposes since all sub ledger accounting is at the detail level

Cto calculate costs for transactions

Dto create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger

Eto centralize accounting string generation across all modules

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Correct Answer: C, D

Question No. 4

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.

Identify two reasons this happened.

AThe item has no on-hand inventory.

BThe assembly item is marked as Perpetual Average costed.

COutstanding purchase orders have not been received.

DThe Work Definition is incomplete.

EBurdens have not been established for the item

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Correct Answer: B, D

Question No. 5

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

AEvent Class: Expense Accrual Event Type: Expense Accrual

BEvent Class: Period End Accrual Event Type: Period End Accrual

CEvent Class: Expense Accrual Event Type: Period End Accrual

DEvent Class: Purchase Order Price Adjustment Event Type: Period End Accrual

EEvent Class: Purchase Order Price Adjustment Event Type: Expense Accrual

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Correct Answer: B

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