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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Standard Cost Management15%- 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
          Topic 2: Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
          • 1. Resolve exceptions
            • 2. Track transaction status
              - Set up orchestration flows
              • 1. Define business events
                • 2. Configure financial rules
                  Topic 3: Landed Cost Management15%- Process landed cost transactions
                  • 1. Reconcile variances
                    • 2. Allocate charges
                      - Configure Landed Cost
                      • 1. Set up estimated vs actual costs
                        • 2. Define charge types and rules
                          Topic 4: Subledger Accounting10%- Review accounting entries
                          • 1. Transfer to General Ledger
                            • 2. Validate subledger journals
                              - Configure accounting rules
                              • 1. Account derivation rules
                                • 2. Journal line definitions
                                  Topic 5: Security and Inventory Configuration5%- Set up access control
                                  • 1. Define roles and data security
                                    - Configure inventory costing parameters
                                    • 1. Item cost attributes
                                      • 2. Organization costing options
                                        Topic 6: Receipt Accounting20%- Manage Receipt Accounting transactions
                                        • 1. Run period-end close
                                          • 2. Analyze and reconcile accruals
                                            - Configure Receipt Accounting
                                            • 1. Accrue at period end
                                              • 2. Receipt accrual process
                                                Topic 7: Cost Accounting25%- Process and analyze costs
                                                • 1. Period-end valuation and close
                                                  • 2. Run cost processor
                                                    • 3. Review cost distributions
                                                      - Set up Cost Accounting
                                                      • 1. Set up cost profiles
                                                        • 2. Define cost methods
                                                          • 3. Configure cost components and elements

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                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q33-Q38):

                                                            NEW QUESTION # 33
                                                            You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

                                                            Answer: B

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 34
                                                            Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

                                                            Answer: C

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 35
                                                            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.

                                                            Answer: A,C

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 36
                                                            Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
                                                            How do you accomplish this?

                                                            Answer: A

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 37
                                                            Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

                                                            Answer: B,D

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 38
                                                            ......

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