Free PDF The Best 1Z0-1074-26 - Oracle Cost Management Cloud 2026 Implementation Professional Latest Exam Duration

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q19-Q24):

                                                            NEW QUESTION # 19
                                                            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 # 20
                                                            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?

                                                            Answer: D


                                                            NEW QUESTION # 21
                                                            How is the standard cost of a manufactured configured item calculated?

                                                            Answer: D

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 22
                                                            Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

                                                            Answer: B,F

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 23
                                                            Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

                                                            Answer: C,D

                                                            Explanation:
                                                            Reference:


                                                            NEW QUESTION # 24
                                                            ......

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