Oracle 1Z0-1074-22 Certification: Questions, Preparation Tips and Exam Details
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1Z0-1074-22 Exam Detail Exam Code
1Z0-1074-22
Full Exam Name
Oracle Cost Management Cloud 2022 Implementation Professional
Number of Questions
55
Practice Exams
1Z0-1074-22 Online Practice Exam
Passing Score
62%
Time Limit
90 minutes
Recommended Training
Oracle Cost Management Cloud 2022 Certified Implementation Professional Oracle Supply Chain Management Cloud Learning Subscription
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How to Prepare for 1Z0-1074-22 Exam? •
Perform enough practice with Oracle system with related Oracle 1Z0-1074-22 certification subjects
•
Identify the key configuration, workflow and data flow
•
Understand the all Syllabus Topics of Exam which are Given in Description.
•
Identify your weak areas from practice test and do more practice with system
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Repeat practice exams and try to score 100% on www.DBexam.com
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Oracle 1Z0-1074-22 Exam Questions
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Q 1) Select the two valid relationships between subledger components.
Option
a) The accounting method holds the accounting rules by Event Class and Event Type. b) The journal lines hold the journal entry rule sets. c) The accounting method groups journal entry rule sets by Event Class and Event Type. d) Journal entry rules are used to hold accounting rules. e) Journal entry rule sets hold journal rules and accounting rules.
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ANSWER d) Journal entry rules are used to hold accounting rules. e) Journal entry rule sets hold journal rules and accounting rules.
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Q 2) Which three features are included in Receipt Accounting?
Option
a) Analyze Standard Purchase Cost Variances b) Create Receipt Accounting Distribution c) Review Item Costs d) Adjust Receipt Accrual Clearing Balances e) Review Journal Entries
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ANSWER b) Create Receipt Accounting Distribution
d) Adjust Receipt Accrual Clearing Balances e) Review Journal Entries
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Q 3) How is the standard cost of a manufactured configured item calculated?
Option a) It is based on the material and resource requirements of a released work order. b) The standard cost of a model item is calculated. c) The standard cost is calculated for every possible combination of options under a model d) It is based on the actual cost of the work order after it is completed.
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ANSWER
b) The standard cost of a model item is calculated.
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Q 4) 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)
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ANSWER b) Actual cost (LIFO or Last In First Out) e) Perpetual average cost f) Actual cost (FIFO or First In First Out)
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Q 5) Identify two characteristics of a cost profile. Option a) It is used for calculating the estimated cost of manufactured items under different scenarios.
b) It is used for Receipt Accounting. c) It is where you define your Cost Accounting policies. d) It is where you define which cost method you want to use for the cost component to cost element mapping.
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ANSWER b) It is used for Receipt Accounting.
c) It is where you define your Cost Accounting policies.
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