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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Standard Cost Management	15%	- Analyze standard cost variances 1. Purchase price variance 2. Usage and rate variances - Define and maintain standard costs 1. Update and publish standard costs 2. Create cost scenarios
Cost Accounting	25%	- Process and analyze costs 1. Run cost processor 2. Period-end valuation and close 3. Review cost distributions - Set up Cost Accounting 1. Set up cost profiles 2. Define cost methods 3. Configure cost components and elements
Landed Cost Management	15%	- 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
Receipt Accounting	20%	- Configure Receipt Accounting 1. Receipt accrual process 2. Accrue at period end - Manage Receipt Accounting transactions 1. Analyze and reconcile accruals 2. Run period-end close
Subledger Accounting	10%	- Review accounting entries 1. Validate subledger journals 2. Transfer to General Ledger - Configure accounting rules 1. Journal line definitions 2. Account derivation rules
Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Track transaction status 2. Resolve exceptions - Set up orchestration flows 1. Configure financial rules 2. Define business events
Security and Inventory Configuration	5%	- Set up access control 1. Define roles and data security - Configure inventory costing parameters 1. Item cost attributes 2. Organization costing options

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q75-Q80):

NEW QUESTION # 75
How is the standard cost of a manufactured configured item calculated?

A. It is based on the actual cost of the work order after it is completed.
B. It is based on the material and resource requirements of a released work order.
C. The standard cost of a model item is calculated.
D. The standard cost is calculated for every possible combination of options under a model

Answer: C

Explanation:
Reference:

NEW QUESTION # 76
Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A. Item Catalog/Inventory Organization/Business Unit
B. Business Unit/Landed Cost Charge/Cost Organization
C. Inventory Organization/Landed Cost Charge/Third Party Supplier
D. Item/Business Unit/Route
E. Item Category/Material Supplier/Landed Cost Charge

Answer: A

Explanation:
Reference:

NEW QUESTION # 77
Select two ways to define the standard cost for an item from the Cost Accounting work area.

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

Answer: C,D

Explanation:
:

NEW QUESTION # 78
A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When account combination rules use constants
B. When using account combination rules
C. Every accounting method should have a COA.
D. When using segment rules
E. When using ledgers that have unique accounting requirements

Answer: C,D

Explanation:
Reference:

NEW QUESTION # 79
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Transfer transactions from Receiving to Costing.
B. Execute the Preprocessor.
C. Create Accounting.
D. Transfer costs to Cost Management.
E. Activate its journal entry rule set assignments.

Answer: E

Explanation:
Reference:

NEW QUESTION # 80
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