Free PDF Quiz 1Z0-1074-26 - Oracle Cost Management Cloud 2026 Implementation Professional Pass-Sure Exam Preparation

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Standard Cost Management	15%	- Define and maintain standard costs 1. Create cost scenarios 2. Update and publish standard costs - Analyze standard cost variances 1. Purchase price variance 2. Usage and rate variances
Subledger Accounting	10%	- Configure accounting rules 1. Account derivation rules 2. Journal line definitions - Review accounting entries 1. Validate subledger journals 2. Transfer to General Ledger
Landed Cost Management	15%	- Process landed cost transactions 1. Allocate charges 2. Reconcile variances - Configure Landed Cost 1. Set up estimated vs actual costs 2. Define charge types and rules
Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Track transaction status 2. Resolve exceptions - Set up orchestration flows 1. Define business events 2. Configure financial 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
Cost Accounting	25%	- Set up Cost Accounting 1. Configure cost components and elements 2. Set up cost profiles 3. Define cost methods - Process and analyze costs 1. Period-end valuation and close 2. Review cost distributions 3. Run cost processor
Receipt Accounting	20%	- 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

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1Z0-1074-26 Exam Preparation - 100% Pass Quiz 2026 1Z0-1074-26: Oracle Cost Management Cloud 2026 Implementation Professional First-grade Valid Test Testking

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
Which four steps need to be completed to establish standard costs for a make item?

A. Export item costs
B. Run preprocessor
C. Publish costs
D. Create a new cost scenario
E. Complete cost roll-up
F. Add standard costs to a cost scenario

Answer: C,D,E,F

Explanation:
Reference:

NEW QUESTION # 35
Identify four processors available in the cost processor.

A. Costing Period Processor
B. Receipt Processor
C. Cost Accounting Processor
D. Cost Reports Processor
E. Cost of Goods Sold Processor
F. Cost Distribution Processor

Answer: C,D,E,F

Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491

NEW QUESTION # 36
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A. You don't have to create any definitions for cost books.
B. You have the option to share setup data across all cost organizations using the common set.
C. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
D. You can share definitions across multiple cost organizations.
E. You can control which definitions are visible to different cost organizations
F. You can streamline your setup effort.

Answer: B,C,D,F

Explanation:
Reference:

NEW QUESTION # 37
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A. Receipt Accounting-- Receipt Accounting Transactions Real Time
B. Costing -Receipt Accounting Real Time
C. Receipt Accounting- Receipt Accounting Distributions Real Time
D. Financials-Subledger Accounting-Detail Transactions
E. Costing-Cost Accounting Real Time

Answer: D

Explanation:
Reference:

NEW QUESTION # 38
What are three cost method choices that are available in Cost Accounting?

A. Standard cost
B. Actual cost (FIFO or First In First Out)
C. Periodic average cost
D. Period end average cost
E. Perpetual average cost
F. Actual cost (LIFO or Last In First Out)

Answer: B,E,F

Explanation:
Reference:

NEW QUESTION # 39
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