Free PDF Useful Oracle - 1Z0-1074-26 - Oracle Cost Management Cloud 2026 Implementation Professional Reliable Test Tips

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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
Topic 2: 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
Topic 3: 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
Topic 4: Cost Accounting	25%	- Set up Cost Accounting 1. Set up cost profiles 2. Define cost methods 3. Configure cost components and elements - Process and analyze costs 1. Review cost distributions 2. Run cost processor 3. Period-end valuation and close
Topic 5: Landed Cost Management	15%	- Configure Landed Cost 1. Define charge types and rules 2. Set up estimated vs actual costs - Process landed cost transactions 1. Allocate charges 2. Reconcile variances
Topic 6: Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Resolve exceptions 2. Track transaction status - Set up orchestration flows 1. Define business events 2. Configure financial rules
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. Purchase price variance 2. Usage and rate variances

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q14-Q19):

NEW QUESTION # 14
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the lowest production priority
B. Work definitions without alternates
C. Work definitions with the highest costing priority
D. Work definitions with the highest production priority
E. Work definitions with specific unit numbers

Answer: C,D

Explanation:
Reference:

NEW QUESTION # 15
Identify four characteristics of a cost element.

A. It is the granularity at which costs are tracked and accounted.
B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
C. Users can define any number of cost elements.
D. It is user-defined.
E. It uses date effectivity.
F. The mapping of cost components into cost elements is user-defined.

Answer: B,D,E,F

Explanation:
Reference:

NEW QUESTION # 16
What are three cost method choices that are available in Cost Accounting?

A. Perpetual average cost
B. Actual cost (FIFO or First In First Out)
C. Standard cost
D. Actual cost (LIFO or Last In First Out)
E. Periodic average cost
F. Period end average cost

Answer: A,B,D

Explanation:
Reference:

NEW QUESTION # 17
Identify four features provided by the Review Work Order Costs UI when displaying work order

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

Answer: C,D,E,F

Explanation:
Reference:

NEW QUESTION # 18
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
B. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
C. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
E. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

Answer: B

Explanation:
Reference:

NEW QUESTION # 19
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