Free Oracle 1Z0-1074-25 Exam Questions

Become Oracle Certified with updated 1Z0-1074-25 exam questions and correct answers

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Total 82 Questions | Updated On: Dec 06, 2025

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Question 1

Identify two characteristics of Landed Cost charge names.

A : Duty is a seededcharge name for Landed Cost.

B : You can modify a charge name until it is associated with a trade operation.

C : Charge names cannot be used to tie an invoice to a trade operation.

D : You can use multiple currencies within a trade operation for the samecharge name on different lines.

E : Charge names cannot be associated with a PO schedule.

Answer: A,B

Question 2

Identify the four types of cost adjustments.

A : A change to a requisitionafter the purchase order has been created will create a cost adjustment.

B : A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : A standard cost update will create an inventory value adjustment.

D : Authorized users can manually create cost adjustments.

E : When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F : A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: C,D,E,F

Question 3

A manager has decided to close the period by not allowing any new transactions, except for correctionsand

adjustments, which can happen any time before the period is closed permanently.

Which cost period status will allow the system to perform the transaction?

A : Open

B : Closed

C : Permanently Closed

D : Never Opened

E : Close Pending

Answer: E

Question 4

Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A : Inventory Account Balances ReportB COGS Account Balances Report

B : Revenue and COGS Matching Report

C : Costing Balances Report

D : Inventory Valuation Report

Answer: A,C

Question 5

You have configured the application as follows:

• Expense items are set to accrue at receipt.

• Receipt Close tolerance is set to 75 percent.

• Purchasing Line types are set to 2-way match.

When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is

added.

Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

A : Change expense items to accrue at period end.

B : Change the Purchasing Line types to 4-way match.

C : Change inventory items to accrue at period end.

D : Change the Purchasing Line types to 3-way match.

E : Change the Receipt Close tolerance so it is 100 percent.

Answer: A,D

Page: 1 / 17

Total 82 Questions | Updated On: Dec 06, 2025

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