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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Security and Inventory Configuration	5%	- Configure inventory costing parameters 1. Item cost attributes 2. Organization costing options - Set up access control 1. Define roles and data security
Cost Accounting	25%	- Set up Cost Accounting 1. Set up cost profiles 2. Configure cost components and elements 3. Define cost methods - Process and analyze costs 1. Run cost processor 2. Review cost distributions 3. Period-end valuation and close
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
Standard Cost Management	15%	- Define and maintain standard costs 1. Create cost scenarios 2. Update and publish standard costs - Analyze standard cost variances 1. Usage and rate variances 2. Purchase price variance
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
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
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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q12-Q17):

NEW QUESTION # 12
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. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
D. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E. Run the "Activate Accounting Methods" process.

Answer: B,D

NEW QUESTION # 13
Identify two characteristics of a cost profile.

A. It is used for calculating the estimated cost of manufactured items under different scenarios.
B. It is where you define your Cost Accounting policies.
C. It is used for Receipt Accounting.
D. It is where you define which cost method you want to use for the cost component to cost element mapping.

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 14
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Accounts Payable role for the correct cost organization.
B. Create Data Access on the Accounts Payable role for the correct inventory organization.
C. Create Data Access on the Cost Accountant role for the correct inventory organization.
D. Create Data Access on the Cost Accountant role for the correct cost organization.

Answer: D

Explanation:
Reference:

NEW QUESTION # 15
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. In-transit Valuation Report
B. Work in Process Inventory Valuation Report
C. Inventory Valuation Report
D. Costing Account Balances Report
E. COGS and Revenue Matching Report
F. Layer Inventory Valuation Report
G. Cost Accounting Valuation Report

Answer: A,C,D,F

Explanation:
Reference:

NEW QUESTION # 16
Which two types of costs are included in the cost of contract manufactured items?

A. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
C. The cost of the contract manufacturing service Item. This is the price that the contract
D. The cost of resources consumed at the OEM's factory
E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Answer: A,B

Explanation:
Reference:

NEW QUESTION # 17
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