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Exam Information
01 Certification Provider
Oracle 
02 Exam Name 
Oracle Cost Management Cloud 2019 Implementation Essentials
03 Certification Name
Oracle Financial Consolidation and Close Cloud Service
04 Exam Code
1z0-1074
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Exam Demo Question
Question # 1
Select the two valid relationships between subledger components.
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.
Answer: DE
Question # 2
The process to map the AP invoices to the trade operation charges has completed. Which ent
ity did the application use to do this?
A. Material Receipts
B. Charge Names
C. PreReference Types
D. Routes
E. Trade Operation Template
Answer: C
Question # 3
Identify four characteristics of a cost element.
A. Users can define any number of cost elements.
B. It is the most granular level of cost captured by upstream systems such as procurement
C. It is the granularity at which costs are tracked and accounted.
D. It is user-defined.
E. The mapping of cost components into cost elements is user-defined.
F. It uses date effectivity.
Answer: BDE
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
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