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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Landed Cost Management	15%	- Process landed cost transactions 1. Reconcile variances 2. Allocate charges - Configure Landed Cost 1. Define charge types and rules 2. Set up estimated vs actual costs
Topic 2: Cost Accounting	25%	- Process and analyze costs 1. Run cost processor 2. Period-end valuation and close 3. Review cost distributions - Set up Cost Accounting 1. Define cost methods 2. Set up cost profiles 3. Configure cost components and elements
Topic 3: 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
Topic 4: 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 5: Subledger Accounting	10%	- Configure accounting rules 1. Account derivation rules 2. Journal line definitions - Review accounting entries 1. Transfer to General Ledger 2. Validate subledger journals
Topic 6: 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 7: 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 (Q63-Q68):

NEW QUESTION # 63
Select two ways to define the standard cost for an item from the Cost Accounting work area.

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

Answer: A,B

Explanation:
:

NEW QUESTION # 64
Identify two characteristics of an expense pool. (Choose two.)

A. You can define the name of your expense pool, but you cannot define more than one.
B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D. It is used only for analyzing gross margins on noninventory sales of services.

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 65
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 Journal Entry Rule Set task.
B. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
C. Run the "Activate Accounting Methods" process.
D. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Answer: B,E

NEW QUESTION # 66
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A. Closed
B. Permanently Closed
C. Never Opened
D. Open
E. Close Pending

Answer: A

Explanation:
Reference:

NEW QUESTION # 67
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. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
C. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D. A cost organization has one book that posts to the primary ledger.

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 68
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