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Updated: Jul 29, 2026
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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1Z0-1074-23 |
| Certificate Validity Period: | 18 months (Oracle certification policy may vary by track) |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 55 (approx.) |
| Passing Score: | ~68% |
| Related Certifications: | Oracle Cost Management Cloud Implementation Professional Oracle SCM Cloud Certifications |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Price: | USD 245 (may vary by country/region) |
| Recommended Training: | Oracle University Cost Management Cloud Training Oracle SCM Cloud Learning Path |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or testing center (Pearson VUE) |
| Pre Condition: | Basic understanding of Oracle SCM Cloud and financial/cost accounting concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Analysis | - Cost analysis reports - Cost reconciliation and audit |
| Inventory and Work Order Costing | - Manufacturing and work order costing - Inventory transactions costing |
| Cost Accounting and Processing | - Cost calculation processes - Period close and cost rollup - Cost accounting distributions |
| Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
| Setup and Configuration | - Cost organization and cost profiles setup - Inventory valuation setup - Costing methods configuration |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
A) Layer Inventory Valuation Report
B) Cost Accounting Valuation Report
C) COGS and Revenue Matching Report
D) Work in Process Inventory Valuation Report
E) Costing Account Balances Report
F) In-transit Valuation Report
G) Inventory Valuation Report
2. Which three cost planning tasks can be performed in the Cost Accounting work area?
A) Analyzing and Comparing Costs
B) Manage Resource Rates
C) Review Item Costs
D) Estimating Standard Costs for Assemblies
E) Review Work Order Costs
F) Management Cost Accounting Periods
3. Which four steps need to be completed to establish standard costs for a make item?
A) Export item costs
B) Add standard costs to a cost scenario
C) Run preprocessor
D) Create a new cost scenario
E) Complete cost roll-up
F) Publish costs
4. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
A) Accounting rules cannot override the accounting method.
B) The accounting method must have a mapping set to convert the accounts.
C) The accounting method can be assigned to any ledger.
D) The accounting method may only be used by ledgers without a COA.
E) Any secondary ledger that uses the method cannot have a COA.
5. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
A) Create distributions.
B) Transfer transactions from receiving.
C) Transfer to Sub ledger Accounting.
D) Assign accruals to purchase order transactions.
E) Transfer transactions from payables.
Solutions:
| Question # 1 Answer: A,E,F,G | Question # 2 Answer: A,B,D | Question # 3 Answer: B,D,E,F | Question # 4 Answer: C | Question # 5 Answer: A |
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