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Oracle 1z0-1074-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Exam Format: | Multiple Answer, Multiple Choice |
| Available Languages: | English, Japanese, Simplified Chinese, Korean, Spanish, Brazilian Portuguese |
| Exam Price: | USD 245 |
| Exam Duration: | 90 minutes |
| Passing Score: | 62% |
| Related Certifications: | Oracle Cost Management Cloud 2022 Implementation Professional Oracle Cost Management Cloud 2021 Implementation Essentials |
| Real Exam Qty: | 55-60 |
| Certificate Validity Period: | 18 months from certification date |
| Recommended Training: | Oracle Cost Management Cloud: Implement Cost Accounting Oracle Supply Chain Management Cloud Learning Subscription |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: | Oracle 1z0-1074-20 Sample Questions |
| Exam Way: | Online proctored (OnVUE) or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1074-20/pexam_1Z0-1074-20 |
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Configuring Cost Accounting | 25% | - Cost Profiles and Cost Methods - Quick Setup and Manual Setup - Cost Organization and Books - Cost Elements and Cost Component Groups |
| Landed Cost Management | 15% | - Managing Landed Cost Charges - Landed Cost Setup - Landed Cost Concepts |
| Receipt Accounting | 20% | - Analyzing and Reconciling Receipt Balances - Receipt Accounting Setup - Accrue at Period End - Overview of Receipt Accounting |
| Subledger Accounting | 15% | - Account Rules and Mapping Sets - Creating Subledger Journal Entries - Accounting Methods - Journal Line Rules |
| Introduction to Cost Accounting | 20% | - Key Implementation Decisions - Overview of Cost Accounting - Integration with other Oracle Cloud Modules |
| Cost Analysis and Reporting | 5% | - Rolled-up Costs and Cost Scenarios - Period Close and Reporting - Cost Accounting Work Area |
Common Questions About the Oracle Cost Management Cloud 2020 Implementation Essentials Exam
The Oracle 1z0-1074-20 exam, officially titled Oracle Cost Management Cloud 2020 Implementation Essentials, is the required test for earning the Oracle Cost Management Cloud 2020 Certified Implementation Specialist certification, a credential at the Specialist level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle Cost Management Cloud 2021 Implementation Essentials, Oracle Cost Management Cloud 2022 Implementation Professional.
The 1z0-1074-20 exam includes 55-60 questions, and you have 90 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.
You need 62% to pass the 1z0-1074-20 exam, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.
Oracle asks candidates to meet the following requirement before registering: No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com/ouexam-pexam_1z0-1074-20/pexam_1Z0-1074-20 before you book.
You can book your seat through the official registration channels below:
The 1z0-1074-20 exam is delivered in the following format: Online proctored (OnVUE) or Onsite at Pearson VUE test centers.
Oracle recommends the following official training for this exam:
- Oracle Cost Management Cloud: Implement Cost Accounting
- Oracle Supply Chain Management Cloud Learning Subscription
A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 80 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.
Yes. Actualtests4sure offers a free PDF demo of the Oracle Cost Management Cloud 2020 Implementation Essentials practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.
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The Oracle Cost Management Cloud 2020 Implementation Essentials exam is organized into 6 major domains. Some of the key domains include:
- Receipt Accounting, accounting for 20% of the exam
- Subledger Accounting, accounting for 15% of the exam
- Configuring Cost Accounting, accounting for 25% of the exam
Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.
Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:
Question 1
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
A. Create the cost in Manage Cost Scenarios.
B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
C. This requirement will already be met by the default data generated when using Quick Setup.
D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
Question 2
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
A. Turn off merge matching lines in the journal line rule.
B. Turn on detailed posting for GL in the ledger setup.
C. Extract distribution accounting entries.
D. Write a custom report.
E. Turn off the summarize flag in the journal line rule.
Question 3
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 Period End.
B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
E. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
Question 4
Identify four processors available in the cost processor.
A. Cost Distribution Processor
B. Cost Accounting Processor
C. Cost of Goods Sold Processor
D. Cost Reports Processor
E. Receipt Processor
F. Costing Period Processor
Question 5
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
A. Routes
B. Trade Operation Template
C. PreReference Types
D. Material Receipts
E. Charge Names
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: A,B | Question 4 Answer: A,B,C,D | Question 5 Answer: C |
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