Oracle 1Z0-1074-26 Valid Q&A - in .pdf

  • 1Z0-1074-26 pdf
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 23, 2026
  • Q & A: 82 Questions and Answers
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  • Updated: Aug 23, 2026
  • Q & A: 82 Questions and Answers
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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Standard Cost Management15%- Define and maintain standard costs
  • 1. Update and publish standard costs
    • 2. Create cost scenarios
      - Analyze standard cost variances
      • 1. Usage and rate variances
        • 2. Purchase price variance
          Topic 2: Security and Inventory Configuration5%- Set up access control
          • 1. Define roles and data security
            - Configure inventory costing parameters
            • 1. Organization costing options
              • 2. Item cost attributes
                Topic 3: Receipt Accounting20%- Manage Receipt Accounting transactions
                • 1. Analyze and reconcile accruals
                  • 2. Run period-end close
                    - Configure Receipt Accounting
                    • 1. Accrue at period end
                      • 2. Receipt accrual process
                        Topic 4: Subledger Accounting10%- Configure accounting rules
                        • 1. Journal line definitions
                          • 2. Account derivation rules
                            - Review accounting entries
                            • 1. Transfer to General Ledger
                              • 2. Validate subledger journals
                                Topic 5: Landed Cost Management15%- Process landed cost transactions
                                • 1. Allocate charges
                                  • 2. Reconcile variances
                                    - Configure Landed Cost
                                    • 1. Set up estimated vs actual costs
                                      • 2. Define charge types and rules
                                        Topic 6: Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
                                        • 1. Resolve exceptions
                                          • 2. Track transaction status
                                            - Set up orchestration flows
                                            • 1. Configure financial rules
                                              • 2. Define business events
                                                Topic 7: Cost Accounting25%- Set up Cost Accounting
                                                • 1. Define cost methods
                                                  • 2. Configure cost components and elements
                                                    • 3. Set up cost profiles
                                                      - Process and analyze costs
                                                      • 1. Review cost distributions
                                                        • 2. Run cost processor
                                                          • 3. Period-end valuation and close

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

                                                            A) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
                                                            B) Review their audit receipt accrual clearing balances.
                                                            C) Review their Receipt Accounting processes that show whether any processes failed and why.
                                                            D) Review their accrual balances and clear them.
                                                            E) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.


                                                            2. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
                                                            How will the application select the work definition?

                                                            A) It will use the work definition with the January 2, 2016 effective date.
                                                            B) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
                                                            C) It must always use the work definition with the October 1, 2015 effective date.
                                                            D) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.


                                                            3. Identify two characteristics of a cost profile.

                                                            A) It is used for Receipt Accounting.
                                                            B) It is where you define which cost method you want to use for the cost component to cost element mapping.
                                                            C) It is where you define your Cost Accounting policies.
                                                            D) It is used for calculating the estimated cost of manufactured items under different scenarios.


                                                            4. Select two ways to define the standard cost for an item from the Cost Accounting work area.

                                                            A) Manage the Standard Cost task.
                                                            B) Manage the Item Cost task.
                                                            C) Import standard costs from receipt layers.
                                                            D) Create Standard Cost in a spreadsheet.


                                                            5. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

                                                            A) Purchasing
                                                            B) Order Management
                                                            C) Financial Orchestration
                                                            D) Inventory
                                                            E) Shipping


                                                            Solutions:

                                                            Question # 1
                                                            Answer: D,E
                                                            Question # 2
                                                            Answer: D
                                                            Question # 3
                                                            Answer: A,C
                                                            Question # 4
                                                            Answer: A,D
                                                            Question # 5
                                                            Answer: C

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