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| Section | Weight | Objectives |
|---|
| Landed Cost Management | 15% | - Process landed cost transactions
- 1. Allocate charges
- 2. Reconcile variances
- Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
|
| 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
|
| Cost Accounting | 25% | - Process and analyze costs
- 1. Period-end valuation and close
- 2. Review cost distributions
- 3. Run cost processor
- Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Define cost methods
- 3. Set up cost profiles
|
| Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
- 1. Resolve exceptions
- 2. Track transaction status
- Set up orchestration flows
- 1. Define business events
- 2. Configure financial rules
|
| 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
|
| 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
|
| 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
|
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1Z0-1074-26 Study Guide | High Pass-Rate Oracle 1Z0-1074-26 New Study Plan: Oracle Cost Management Cloud 2026 Implementation Professional
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q19-Q24):
NEW QUESTION # 19
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Analyzing and Comparing Costs
- B. Review Item Costs
- C. Review Work Order Costs
- D. Management Cost Accounting Periods
- E. Manage Resource Rates
- F. Estimating Standard Costs for Assemblies
Answer: A,E,F
Explanation:
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 20
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. Run the "Activate Accounting Methods" process.
- B. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
Answer: C,E
NEW QUESTION # 21
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Copy and rename predefined subledger journal entry rule sets before modifying them.
- B. Journal entry rule sets do not require accounting rules.
- C. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- D. Use a different journal entry rule set for each ledger with a different accounting convention.
- E. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 22
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 journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- 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: A,E
Explanation:
Reference:
NEW QUESTION # 23
Identify four characteristics of a cost element.
- A. Users can define any number of cost elements.
- B. It uses date effectivity.
- C. The mapping of cost components into cost elements is user-defined.
- D. It is the granularity at which costs are tracked and accounted.
- E. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- F. It is user-defined.
Answer: B,C,E,F
Explanation:
Reference:
NEW QUESTION # 24
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