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Last Updated: Sep 16, 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 |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Passing Score: | 68% |
| Exam Format: | Multiple Choice |
| Exam Price: | $245 USD |
| Certificate Validity Period: | Oracle certifications currently do not have a fixed expiration period, but credential relevance follows Oracle Cloud product release cycles. |
| Related Certifications: | Oracle Cost Management Cloud 2023 Certified Implementation Professional Oracle Fusion Cloud SCM Certification |
| Real Exam Qty: | 50 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online Proctored Exam or Pearson VUE Test Center |
| Pre Condition: | Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes. |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2023-implementation-professional/trackp_OMC23CIP |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting | - Cost Processing
|
| Topic 2: Cost Period Close and Reporting | - Period-End Activities
|
| Topic 3: Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Topic 4: Manufacturing Cost Management | - Production Costing
|
| Topic 5: Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
| Topic 6: Cost Management Foundations | - Cost Management Architecture
|
| Topic 7: Receipt and Acquisition Costing | - Procurement Costing
|
Oracle Cost Management Cloud 2023 Implementation Essentials: The Questions Everyone Asks First
Oracle Cost Management Cloud 2023 Implementation Essentials is an official Oracle exam, registered under exam code 1z0-1074-23. Passing it earns the Cost Management Cloud certification at the Professional level. It also links to Oracle Cost Management Cloud 2023 Certified Implementation Professional, Oracle Fusion Cloud SCM Certification. As an internationally recognized capacity standard, this credential speaks for your ability wherever your career takes you.
The Oracle Cost Management Cloud 2023 Implementation Essentials syllabus comprises 7 official domains. The heaviest include Cost Accounting, Troubleshooting and Analysis, and Inventory Costing Configuration. The complete outline is above on this page; a short, efficient study plan starts with knowing exactly where the marks live.
The Oracle Cost Management Cloud 2023 Implementation Essentials exam packs 50 questions into 90 minutes. Short-term preparation works best when every session is realistic, so run timed simulations in the TrainingQuiz engine, keep your flag-and-return rhythm tight, and let repeated full-length runs build the pace the clock demands.
Oracle Cost Management Cloud 2023 Implementation Essentials requires 68% to pass, with an official registration fee of $245 USD. Retakes bill the full $245 USD again, so speed should never mean gambling. Compress your preparation with the TrainingQuiz practice tests, and book once your scores clear the requirement reliably.
Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes.
Policies change, so verify the current requirements before registering on the official exam page.
Yes to both. TrainingQuiz provides a free demo of the Oracle Cost Management Cloud 2023 Implementation Essentials questions so you can verify the quality first, and after purchase the newest practice material is free for one year from the date of your order. When that year ends, extending the update service costs 50% of the regular price.
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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- B. Purchase order information should not be imported into Receipt Accounting.
- C. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- D. This process can only be scheduled and run from the Receipt Accounting work area
- E. You do not have the role to import purchase order information into Receipt Accounting.
Correct Answer: C 🗳️
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 lots differently then others What must they do to accomplish this?
- A. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- C. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- D. They must create their valuation units manually.
Correct Answer: A 🗳️
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Landed Cost Management
- B. Receipt Accounting
- C. Product Model
- D. Inventory Management
- E. Cost Accounting
Correct Answer: D 🗳️
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- D. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- E. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
Correct Answer: A 🗳️
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Item Cost task.
- B. Create Standard Cost in a spreadsheet.
- C. Import standard costs from receipt layers.
- D. Manage the Standard Cost task.
Correct Answer: B,D 🗳️
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