Top 5 Tips to Crack 1Z0-1074-20 Oracle Cost Management Cloud 2020 Implementation Essentials Exam

Top 5 Tips to Crack 1Z0-1074-20 Oracle Cost Management Cloud 2020 Implementation Essentials Exam

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For Oracle 1Z0-1074-20 Exam

Preparation Tips for 1Z0-1074-20 Certification 1. Perform enough practice with Oracle system on related Oracle 1Z0-1074-20 certification subjects.

2. Identify the key configuration, workflow and data flow.

3. Understand all Syllabus Topics of the Exam which are Given in Description.

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5. Repeat practice exams and try to score 100% on www.DBexam.com.

1Z0-1074-20 Certification Detail Exam Code

1Z0-1074-20

Full Exam Name

Oracle Cost Management Cloud 2020 Implementation Essentials

Number of Questions

55

Practice Exams

1Z0-1074-20 Online Practice Exam

Passing Score

62%

Time Limit

85 minutes

Recommended Training

Oracle Supply Chain Management Cloud Learning Subscription

Syllabus Topics for Oracle 1Z0-1074-20 Exam Topic Name

Managerial Accounting Overview

Cost Accounting Overview

Landed Cost Overview

Costing and Inventory Foundations

Receipt Accounting Overview

Standard Costs

Subledger Accounting

Projects Enabled Supply Chain

Oracle 1Z0-1074-20 Exam Questions

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01. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

Option a) Business Unit and Cost Organization

b) Inventory Organization and Legal Entity c) Business Unit and Legal Entity d) Business Unit and Inventory Organization

e) Inventory Organization and Cost Organization f) Legal Entity and Cost Organization

ANSWER d) Business Unit and Inventory Organization

02. What are three cost method choices that are available in Cost Accounting?

Option a) Period end average cost

b) Actual cost (LIFO or Last In First Out) c) Periodic average cost d) Standard cost

e) Perpetual average cost f) Actual cost (FIFO or First In First Out)

ANSWER b) Actual cost (LIFO or Last In First Out) e) Perpetual average cost f) Actual cost (FIFO or First In First Out)

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

Option a) The accounting method must have a mapping set to convert the accounts.

b) Accounting rules cannot override the accounting method. c) The accounting method can be assigned to any ledger.

d) Any secondary ledger that uses the method cannot have a COA. e) The accounting method may only be used by ledgers without a COA.

ANSWER e) The accounting method may only be used by ledgers without a COA.

04. A chart of accounts (COA) must be specified on the accounting method for which two situations?

Option a) When using ledgers that have unique accounting requirements b) When using account combination rules c) When account combination rules use constants

d) Every accounting method should have a COA. e) When using segment rules

ANSWER d) Every accounting method should have a COA. e) When using segment rules

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

Option a) The accounting method must have a mapping set to convert the accounts. b) Accounting rules cannot override the accounting method. c) The accounting method can be assigned to any ledger.

d) Any secondary ledger that uses the method cannot have a COA. e) The accounting method may only be used by ledgers without a COA.

ANSWER e) The accounting method may only be used by ledgers without a COA.

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