2026 Updated Oracle 1Z0-1074-26: Oracle Cost Management Cloud 2026 Implementation Professional Exam Topics Pdf

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Security and Inventory Configuration	5%	- Configure inventory costing parameters 1. Item cost attributes 2. Organization costing options - Set up access control 1. Define roles and data security
Cost Accounting	25%	- 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. Period-end valuation and close 3. Run cost processor
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
Receipt Accounting	20%	- 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
Landed Cost Management	15%	- 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
Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Resolve exceptions 2. Track transaction status - Set up orchestration flows 1. Configure financial rules 2. Define business events
Standard Cost Management	15%	- Analyze standard cost variances 1. Usage and rate variances 2. Purchase price variance - Define and maintain standard costs 1. Create cost scenarios 2. Update and publish standard costs

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A. You can share definitions across multiple cost organizations.
B. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
C. You can control which definitions are visible to different cost organizations
D. You can streamline your setup effort.
E. You don't have to create any definitions for cost books.
F. You have the option to share setup data across all cost organizations using the common set.

Answer: A,B,D,F

Explanation:
Reference:

NEW QUESTION # 53
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A. Inventory Organization and Cost Organization
B. Business Unit and Inventory Organization
C. Business Unit and Cost Organization
D. Inventory Organization and Legal Entity
E. Legal Entity and Cost Organization
F. Business Unit and Legal Entity

Answer: B

Explanation:
Reference:

NEW QUESTION # 54
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.

Answer: A,D

Explanation:
:

NEW QUESTION # 55
Identify two purposes of Sub ledger Accounting.

A. to maintain backward compatibility
B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
C. to centralize accounting string generation across all modules
D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
E. to calculate costs for transactions

Answer: D,E

Explanation:
Reference:

NEW QUESTION # 56
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A. The cost planning scenario will use both work definitions for the item.
B. The application will generate an error because there are two work definitions for the same item.
C. The application will use the work definition that is named Plan B.
D. The scenario will choose the work definition that is production priority 1.
E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Answer: D

Explanation:
Reference:

NEW QUESTION # 57
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