Pass Guaranteed Quiz 2026 Oracle 1Z0-1074-26: Unparalleled Oracle Cost Management Cloud 2026 Implementation Professional Latest Test Format

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A. Burdens have not been established for the item
B. Outstanding purchase orders have not been received.
C. The item has no on-hand inventory.
D. The Work Definition is incomplete.
E. The assembly item is marked as Perpetual Average costed.

Answer: D,E

Explanation:
Reference:

NEW QUESTION # 55
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
B. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
C. Review their Receipt Accounting processes that show whether any processes failed and why.
D. Review their audit receipt accrual clearing balances.
E. Review their accrual balances and clear them.

Answer: B,E

Explanation:
Reference:

NEW QUESTION # 56
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. Cost Accounting
B. Product Model
C. Receipt Accounting
D. Landed Cost Management
E. Inventory Management

Answer: E

Explanation:
Reference:

NEW QUESTION # 57
Identify two characteristics of a cost profile.

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

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 58
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
B. Copy and rename predefined subledger journal entry rule sets before modifying them.
C. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
D. Journal entry rule sets do not require accounting rules.
E. Use a different journal entry rule set for each ledger with a different accounting convention.

Answer: A,C

Explanation:
Reference:

NEW QUESTION # 59
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