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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Subledger Accounting	10%	- Configure accounting rules 1. Journal line definitions 2. Account derivation rules - Review accounting entries 1. Transfer to General Ledger 2. Validate subledger journals
Landed Cost Management	15%	- Process landed cost transactions 1. Reconcile variances 2. Allocate charges - Configure Landed Cost 1. Set up estimated vs actual costs 2. Define charge types and rules
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
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
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
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. Set up cost profiles 3. Configure cost components and elements
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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
Select two ways to define the standard cost for an item from the Cost Accounting work area.

A. Create Standard Cost in a spreadsheet.
B. Manage the Item Cost task.
C. Manage the Standard Cost task.
D. Import standard costs from receipt layers.

Answer: A,C

Explanation:
Reference:

NEW QUESTION # 25
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A. They must create their valuation units manually.
B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: D

Explanation:
Reference:

NEW QUESTION # 26
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A. Debit Expense, Credit Receiving Inspection
B. Debit Receiving Inspection, Credit Accrued Liability
C. Debit Expense, Credit Expense Accrual
D. Debit Charge Account (expense or inventory), Credit Receiving Inspection
E. Debit Accrued Liability, Credit Accounts Payable

Answer: D

Explanation:
Reference:

NEW QUESTION # 27
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Transfer costs to Cost Management.
B. Transfer transactions from Receiving to Costing.
C. Activate its journal entry rule set assignments.
D. Create Accounting.
E. Execute the Preprocessor.

Answer: C

Explanation:
Reference:

NEW QUESTION # 28
Identify three characteristics of cost component to cost element mapping.

A. It is user-defined.
B. It is one of the attributes you define as part of your cost profile definitions.
C. It lets you define how cost component level costs will map into cost elements.
D. You cannot modify, duplicate, or create user-defined cost components.
E. You can only define one cost component to cost element mapping for an installation.

Answer: A,B,C

Explanation:
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96

NEW QUESTION # 29
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