Oracle 1Z0-1074-26 Oracle Cost Management Cloud 2026 Implementation Professional PDF Dumps - The Fastest Way To Prepare For Exam

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Subledger Accounting	10%	- Review accounting entries 1. Validate subledger journals 2. Transfer to General Ledger - Configure accounting rules 1. Account derivation rules 2. Journal line definitions
Topic 2: Receipt Accounting	20%	- Manage Receipt Accounting transactions 1. Run period-end close 2. Analyze and reconcile accruals - Configure Receipt Accounting 1. Accrue at period end 2. Receipt accrual process
Topic 3: 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. Configure cost components and elements 2. Define cost methods 3. Set up cost profiles
Topic 4: Standard Cost Management	15%	- Analyze standard cost variances 1. Usage and rate variances 2. Purchase price variance - Define and maintain standard costs 1. Update and publish standard costs 2. Create cost scenarios
Topic 5: Supply Chain Financial Orchestration	10%	- Set up orchestration flows 1. Configure financial rules 2. Define business events - Monitor and troubleshoot flows 1. Resolve exceptions 2. Track transaction status
Topic 6: Landed Cost Management	15%	- Configure Landed Cost 1. Set up estimated vs actual costs 2. Define charge types and rules - Process landed cost transactions 1. Reconcile variances 2. Allocate charges
Topic 7: Security and Inventory Configuration	5%	- Configure inventory costing parameters 1. Organization costing options 2. Item cost attributes - Set up access control 1. Define roles and data security

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q26-Q31):

NEW QUESTION # 26
Which statement is true regarding the cost cutoff date in Cost Accounting?

A. It only affects whether or not you can process a cost adjustment.
B. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
C. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
D. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Answer: C

Explanation:
Reference:

NEW QUESTION # 27
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
B. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
C. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
E. Run the "Activate Accounting Methods" process.

Answer: A,B

Explanation:
Reference:

NEW QUESTION # 28
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? (Choose Three)

A. Review errors in the Create Accounting Execution log.
B. Query the transaction from Review Cost Accounting Distributions to see the error message.
C. Review errors in the Create Accounting Execution report.
D. Refer to the Accounting Event Diagnostic Log.
E. Refer to the Accounting Event Diagnostic report.

Answer: B,C,E

Explanation:
Reference:

NEW QUESTION # 29
Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Output Costs
B. Standard Cost variances
C. Input Costs
D. Variable Costs
E. Incremental Costs
F. Scrap Costs

Answer: A,B,C,F

Explanation:
Reference:

NEW QUESTION # 30
Which two types of costs are included in the cost of contract manufactured items?

A. The cost of the contract manufacturing service Item. This is the price that the contract
B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
C. The cost of resources consumed at the OEM's factory
D. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
E. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

Answer: B,E

Explanation:
Reference:

NEW QUESTION # 31
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