Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Updated: Nov 03, 2026
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Manufacturing Cost Management | - Production Costing
|
| Cost Management Foundations | - Cost Management Architecture
|
| Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Cost Period Close and Reporting | - Period-End Activities
|
| Cost Accounting | - Cost Processing
|
| Receipt and Acquisition Costing | - Procurement Costing
|
Oracle Cost Management Cloud 2023 Implementation Essentials Exam: Concise, Current, Complete
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The official Oracle Cost Management Cloud 2023 Implementation Essentials outline defines 7 domains. The leading three are Manufacturing Cost Management, Cost Period Close and Reporting, and Troubleshooting and Analysis. The full list is in the topics section above, and ActualVCE'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 ActualVCE Desktop Test Engine teaches that rhythm before exam day does.
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. Candidates in 2026 start with ActualVCE's 80 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
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.
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 ActualVCE engines before booking is the cheaper option.
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 ActualVCE help you apply theory and fill any gaps the training leaves.
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 with customizable simulation and timed modes that 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.
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 🗳️
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Cost Accounting Valuation Report
- B. Work in Process Inventory Valuation Report
- C. COGS and Revenue Matching Report
- D. Layer Inventory Valuation Report
- E. In-transit Valuation Report
- F. Costing Account Balances Report
- G. Inventory Valuation Report
Correct Answer: D,E,F,G 🗳️
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Incremental Costs
- B. Output Costs
- C. Variable Costs
- D. Standard Cost variances
- E. Input Costs
- F. Scrap Costs
Correct Answer: B,D,E,F 🗳️
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Close the August period; you can never have two open periods at the same time.
- B. Perform cost account validations for August in Manage Cost Accounting Periods
- C. Change the number of maximum open periods in Manage Cost Organization Relationships
- D. Run the Transfer Transactions to Costing process.
Correct Answer: C 🗳️
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- D. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
Correct Answer: D,F 🗳️
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