1Z0-1074-26 Valid Study Notes | 1Z0-1074-26 Exam Quick Prep

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Cost Accounting	25%	- Process and analyze costs 1. Review cost distributions 2. Run cost processor 3. Period-end valuation and close - Set up Cost Accounting 1. Define cost methods 2. Configure cost components and elements 3. Set up cost profiles
Topic 2: Supply Chain Financial Orchestration	10%	- Set up orchestration flows 1. Define business events 2. Configure financial rules - Monitor and troubleshoot flows 1. Resolve exceptions 2. Track transaction status
Topic 3: Landed Cost Management	15%	- Process landed cost transactions 1. Reconcile variances 2. Allocate charges - Configure Landed Cost 1. Define charge types and rules 2. Set up estimated vs actual costs
Topic 4: 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
Topic 5: 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 6: Subledger Accounting	10%	- Configure accounting rules 1. Account derivation rules 2. Journal line definitions - Review accounting entries 1. Validate subledger journals 2. Transfer to General Ledger
Topic 7: Standard Cost Management	15%	- 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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A. Write a custom report.
B. Extract distribution accounting entries.
C. Turn off merge matching lines in the journal line rule.
D. Turn on detailed posting for GL in the ledger setup.
E. Turn off the summarize flag in the journal line rule.

Answer: C

Explanation:
Reference:

NEW QUESTION # 62
Landed Cost Variance Analysis can be performed based on which three dimension combinations?

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

Answer: C

Explanation:
Reference:

NEW QUESTION # 63
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. In-transit Valuation Report
B. COGS and Revenue Matching Report
C. Cost Accounting Valuation Report
D. Work in Process Inventory Valuation Report
E. Inventory Valuation Report
F. Costing Account Balances Report
G. Layer Inventory Valuation Report

Answer: A,E,F,G

Explanation:
Reference:

NEW QUESTION # 64
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
B. Copy and rename predefined subledger journal entry rule sets before modifying them.
C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
D. Use a different journal entry rule set for each ledger with a different accounting convention.
E. Journal entry rule sets do not require accounting rules.

Answer: A,C

Explanation:
Reference:

NEW QUESTION # 65
A chart of accounts (COA) must be specified on the accounting method for which two situations?

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

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 66
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