Free 1Z0-1074 Exam Questions and Answers | by Exam-Dumps.net (Page: 1)

QUESTION: 1

Identify three Landed Cost Management tasks.

Capture Charges
View Rolled Up Costs
Manage Cost Scenarios
Perform Allocations
Create Accounting
Review Journal Entries

Answer(s): A,D,E

Reference:

https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624

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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?

Create Data Access on the Accounts Payable role for the correct cost organization.
Create Data Access on the Accounts Payable role for the correct inventory organization.
Create Data Access on the Cost Accountant role for the correct inventory organization.
Create Data Access on the Cost Accountant role for the correct cost organization.

Answer(s): A

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QUESTION: 3

Identify three characteristics of cost component to cost element mapping.

You cannot modify, duplicate, or create user-defined cost components.
You can onlydefine one cost component to cost element mapping for an installation.
It is one of the attributes you define as part of your cost profile definitions.
It is user-defined.
It lets you define how cost component level costs will map into cost elements.

Answer(s): C,D,E

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96

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QUESTION: 4

Select two ways to define the standard cost for an item from the Cost Accounting work area.

Manage the Item Cost task.
Import standard costs from receipt layers.
Manage the Standard Costtask.
Create Standard Cost in a spreadsheet.

Answer(s): A,D

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QUESTION: 5

Identify the four types of cost adjustments.

A change to a requisitionafter the purchase order has been created will create a cost adjustment.
A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
A standard cost update will create an inventory value adjustment.
Authorized users can manually create cost adjustments.
When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order.
A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer(s): A,B,D,F

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Oracle 1Z0-1074 Exam (page: 1)
Oracle Cost Management Cloud 2019 Implementation Essentials
Updated on: 12-Aug-2025

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Oracle 1Z0-1074 Exam (page: 1) Oracle Cost Management Cloud 2019 Implementation Essentials Updated on: 12-Aug-2025

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Oracle 1Z0-1074 Exam (page: 1)
Oracle Cost Management Cloud 2019 Implementation Essentials
Updated on: 12-Aug-2025