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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. Period-end valuation and close 3. Run cost processor - Set up Cost Accounting 1. Define cost methods 2. Set up cost profiles 3. Configure cost components and elements
Topic 2: Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Track transaction status 2. Resolve exceptions - Set up orchestration flows 1. Configure financial rules 2. Define business events
Topic 3: 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 4: Security and Inventory Configuration	5%	- Set up access control 1. Define roles and data security - Configure inventory costing parameters 1. Organization costing options 2. Item cost attributes
Topic 5: 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 6: 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 7: Standard Cost Management	15%	- Analyze standard cost variances 1. Purchase price variance 2. Usage and rate variances - 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 (Q13-Q18):

NEW QUESTION # 13
Which two statements are true about Cost Accounting books? (Choose two.)

A. Every cost organization must use different book names; they cannot be shared.
B. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
C. A cost organization has one book that posts to the primary ledger.
D. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

Answer: C,D

Explanation:
Reference:

NEW QUESTION # 14
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A. Turn on the Subledger Gain or Loss Option.
B. Create a foreign reporting currency to track gain/loss.
C. Subledger Accounting is already set up to process it.
D. Create a secondary ledger to track gain/loss.

Answer: A

Explanation:
Reference:

NEW QUESTION # 15
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A. The accounting method can be assigned to any ledger.
B. The accounting method may only be used by ledgers without a COA.
C. Accounting rules cannot override the accounting method.
D. The accounting method must have a mapping set to convert the accounts.
E. Any secondary ledger that uses the method cannot have a COA.

Answer: A

Explanation:
Reference:

NEW QUESTION # 16
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 specific unit numbers
B. Work definitions with the highest production priority
C. Work definitions without alternates
D. Work definitions with the highest costing priority
E. Work definitions with the lowest production priority

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 17
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
B. Run the "Activate Accounting Methods" process.
C. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
D. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
E. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

Answer: A,D

NEW QUESTION # 18
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