Valid Study 1Z0-1074-26 Questions | Efficient 1Z0-1074-26: Oracle Cost Management Cloud 2026 Implementation Professional

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| Section | Weight | Objectives |
|---|
| Topic 1: Receipt Accounting | 20% | - Configure Receipt Accounting
- 1. Receipt accrual process
- 2. Accrue at period end
- Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
|
| Topic 2: 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 3: Standard Cost Management | 15% | - 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 4: 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 5: 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
|
| Topic 6: Supply Chain Financial Orchestration | 10% | - Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
- Monitor and troubleshoot flows
- 1. Track transaction status
- 2. Resolve exceptions
|
| Topic 7: Cost Accounting | 25% | - Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Set up cost profiles
- 3. Define cost methods
- Process and analyze costs
- 1. Period-end valuation and close
- 2. Run cost processor
- 3. Review cost distributions
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q73-Q78):
NEW QUESTION # 73
In which two scenarios would you define account rules based on value sets?
- A. In the absence of a chart of accounts on the accounting method
- B. When a secondary ledger has a different COA
- C. When a chart of accounts is assigned to the value set definition
- D. If a segment shares the same value set across multiple chart of accounts
- E. When there is a mapping set to convert the accounts
Answer: D,E
Explanation:
Reference:
NEW QUESTION # 74
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Cost Accounting Distribution process with the following parameters:
- B. Run the Create Accounting for Costing process with the following parameters:
- C. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
- D. Run the Create Accounting for Costing process with the following parameters:
- E. Run the Create Cost Accounting Distribution process with the following parameters:
Answer: B
Explanation:
Reference:
NEW QUESTION # 75
Which two steps need to be completed to estimate landed costs?
- A. Transfer transactions from the Inventory to the Costing process.
- B. Prepare the Material Purchase Order Data process.
- C. Allocate charges
- D. Transfer transactions from the Payables to the Costing process.
- E. Update standard costs.
Answer: B,C
Explanation:
Reference:
NEW QUESTION # 76
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Receipt Accounting
- B. Inventory Management
- C. Product Model
- D. Cost Accounting
- E. Landed Cost Management
Answer: B
Explanation:
Reference:
NEW QUESTION # 77
Which four steps need to be completed to establish standard costs for a make item?
- A. Create a new cost scenario
- B. Complete cost roll-up
- C. Export item costs
- D. Run preprocessor
- E. Publish costs
- F. Add standard costs to a cost scenario
Answer: A,B,E,F
Explanation:
Reference:
NEW QUESTION # 78
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