Free Practice Oracle 1Z0-1074-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Cost Management Cloud 2024 Implementation Professional 1Z0-1074-24 Dumps Practice Questions

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Total 82 Questions | Updated On: Mar 26, 2025

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Question 1

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing

policies, they realize that they want to cost some of their lotsdifferently then others

What must they do to accomplish this?

A : Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : They must create their valuation units manually.

D : Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: D

Question 2

You have configured the application as follows:

• Expense items are set to accrue at receipt.

• Receipt Close tolerance is set to 75 percent.

• Purchasing Line types are set to 2-way match.

When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is

added.

Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

A : Change expense items to accrue at period end.

B : Change the Purchasing Line types to 4-way match.

C : Change inventory items to accrue at period end.

D : Change the Purchasing Line types to 3-way match.

E : Change the Receipt Close tolerance so it is 100 percent.

Answer: B,D

Question 3

A manager has decided to close the period by not allowing any new transactions, except for correctionsand

adjustments, which can happen any time before the period is closed permanently.

Which cost period status will allow the system to perform the transaction?

A : Open

B : Closed

C : Permanently Closed

D : Never Opened

E : Close Pending

Answer: B

Question 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

A : The item has no on-hand inventory.

B : The assembly item is marked as Perpetual Average costed.

C : Outstanding purchase orders have not been received.

D : The Work Definition is incomplete.

E : Burdens have not been established for the item

Answer: B,D

Question 5

In which two scenarios would you define account rules based on value sets?

A : When a chart of accounts is assigned to the value set definition

B : When asecondary ledger has a different COA

C : In the absence of a chart of accounts on the accounting method

D : When there is a mapping set to convert the accounts

E : If a segment shares the same value set across multiple chart of accounts

Answer: A,D

Page: 1 / 17

Total 82 Questions | Updated On: Mar 26, 2025

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