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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Cost Accounting25%- 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. Set up cost profiles
            • 3. Define cost methods
              Topic 2: Standard Cost Management15%- 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
                      Topic 3: Subledger Accounting10%- Review accounting entries
                      • 1. Transfer to General Ledger
                        • 2. Validate subledger journals
                          - Configure accounting rules
                          • 1. Journal line definitions
                            • 2. Account derivation rules
                              Topic 4: Landed Cost Management15%- Process landed cost transactions
                              • 1. Allocate charges
                                • 2. Reconcile variances
                                  - Configure Landed Cost
                                  • 1. Define charge types and rules
                                    • 2. Set up estimated vs actual costs
                                      Topic 5: Supply Chain Financial Orchestration10%- Set up orchestration flows
                                      • 1. Define business events
                                        • 2. Configure financial rules
                                          - Monitor and troubleshoot flows
                                          • 1. Resolve exceptions
                                            • 2. Track transaction status
                                              Topic 6: Receipt Accounting20%- Configure Receipt Accounting
                                              • 1. Accrue at period end
                                                • 2. Receipt accrual process
                                                  - Manage Receipt Accounting transactions
                                                  • 1. Run period-end close
                                                    • 2. Analyze and reconcile accruals
                                                      Topic 7: Security and Inventory Configuration5%- 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 (Q27-Q32):

                                                            NEW QUESTION # 27
                                                            You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

                                                            Answer: C,D,E

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 28
                                                            If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

                                                            Answer: B,C

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 29
                                                            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)

                                                            Answer: A,D,E

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 30
                                                            Which four steps need to be completed to establish standard costs for a make item?

                                                            Answer: A,C,D,E

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 31
                                                            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?

                                                            Answer: A,B

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 32
                                                            ......

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