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: Mar 12, 2026

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Question 1

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 lotsdifferently then others

What must they do to accomplish this?

A : Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : They must create their valuation units manually.

D : Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: C

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

Your client wants to set up some of their items as expenseitems and then enable them to be accrued at period

end for one of their business units.

Which two configurations will support this request?

A : Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No"

B : Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

C : Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End.

D : Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

E : Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

F : Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer: A,B

Question 4

If the Create Accounting process ends with errors or warnings, which three statements outline places you can

go to get more detailed information about the specific errors and warnings?

A : Query the transaction from Review Cost Accounting Distributions to see the error message.

B : Review errors in the Create Accounting Execution report.

C : Refer to the Accounting Event Diagnostic report.

D : Refer to the Accounting Event Diagnostic log.

E : Review errors in the Create Accounting Execution log.

Answer: B,C,E

Question 5