Pass Oracle 1Z0-1074-26 Test Guide - Latest 1Z0-1074-26 Study Materials

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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
Topic 2: 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
Topic 3: 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. Allocate charges 2. Reconcile variances
Topic 4: Receipt Accounting	20%	- Configure Receipt Accounting 1. Receipt accrual process 2. Accrue at period end - Manage Receipt Accounting transactions 1. Run period-end close 2. Analyze and reconcile accruals
Topic 5: Cost Accounting	25%	- Set up Cost Accounting 1. Set up cost profiles 2. Define cost methods 3. Configure cost components and elements - Process and analyze costs 1. Period-end valuation and close 2. Review cost distributions 3. Run cost processor
Topic 6: Subledger Accounting	10%	- Configure accounting rules 1. Account derivation rules 2. Journal line definitions - Review accounting entries 1. Transfer to General Ledger 2. Validate subledger journals
Topic 7: Supply Chain Financial Orchestration	10%	- Set up orchestration flows 1. Define business events 2. Configure financial rules - Monitor and troubleshoot flows 1. Track transaction status 2. Resolve exceptions

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q21-Q26):

NEW QUESTION # 21
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A. Rule sets assigned to a secondary ledger with a different COA
B. Rule sets not associated with any chart of accounts
C. Rule sets where the accounting rules override the method rule set
D. Rule sets that have a mapping set to convert the accounts
E. Rule sets that use the same chart of accounts

Answer: B,E

Explanation:
Reference:

NEW QUESTION # 22
Identify three Landed Cost Management tasks.

A. Manage Cost Scenarios
B. Perform Allocations
C. Review Journal Entries
D. Create Accounting
E. View Rolled Up Costs
F. Capture Charges

Answer: B,D,F

Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624

NEW QUESTION # 23
You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Grade, Subinventory, Locator, Serial
B. Grade, Serial, Group, Lot
C. Subinventory. Lot, Serial, Grade
D. Subinventory, Lot, Serial, Locator
E. Subinventory, Make, Lot, Serial

Answer: C

Explanation:
Reference:

NEW QUESTION # 24
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?

A. Create Data Access on the Cost Accountant role for the correct cost organization.
B. Create Data Access on the Accounts Payable role for the correct cost organization.
C. Create Data Access on the Accounts Payable role for the correct inventory organization.
D. Create Data Access on the Cost Accountant role for the correct inventory organization.

Answer: A

Explanation:
Reference:

NEW QUESTION # 25
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A. It must always use the work definition with the October 1, 2015 effective date.
B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
C. It will use the work definition with the January 2, 2016 effective date.
D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: D

Explanation:
Reference:

NEW QUESTION # 26
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