1Z0-1074-26 Valid Guide Files Exam 100% Pass | 1Z0-1074-26: Oracle Cost Management Cloud 2026 Implementation Professional

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| Section | Weight | Objectives |
|---|
| Topic 1: Security and Inventory Configuration | 5% | - Configure inventory costing parameters
- 1. Organization costing options
- 2. Item cost attributes
- Set up access control
- 1. Define roles and data security
|
| Topic 2: 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
|
| Topic 3: Landed Cost Management | 15% | - Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
- Process landed cost transactions
- 1. Reconcile variances
- 2. Allocate charges
|
| Topic 4: Cost Accounting | 25% | - Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Define cost methods
- 3. Set up cost profiles
- Process and analyze costs
- 1. Run cost processor
- 2. Period-end valuation and close
- 3. Review cost distributions
|
| Topic 5: Supply Chain Financial Orchestration | 10% | - Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
- Monitor and troubleshoot flows
- 1. Track transaction status
- 2. Resolve exceptions
|
| Topic 6: Standard Cost Management | 15% | - Define and maintain standard costs
- 1. Update and publish standard costs
- 2. Create cost scenarios
- Analyze standard cost variances
- 1. Purchase price variance
- 2. Usage and rate variances
|
| Topic 7: Subledger Accounting | 10% | - Review accounting entries
- 1. Validate subledger journals
- 2. Transfer to General Ledger
- Configure accounting rules
- 1. Account derivation rules
- 2. Journal line definitions
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q41-Q46):
NEW QUESTION # 41
Which two rules determine whether a condition has been met for accounting rules?
- A. After all conditions are tested, the final resulting value is used.
- B. When the condition is met, the rule associated with that priority is used.
- C. Use parenthesis to control the order of the condition evaluation.
- D. Priorities determine the order in which accounting rule conditions are examined.
- E. The conditions are evaluated in the sequence they are defined in the accounting rule.
Answer: B,D
Explanation:
Reference:
NEW QUESTION # 42
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 not associated with any chart of accounts
- B. Rule sets that use the same chart of accounts
- C. Rule sets assigned to a secondary ledger with a different COA
- D. Rule sets that have a mapping set to convert the accounts
- E. Rule sets where the accounting rules override the method rule set
Answer: A,B
Explanation:
Reference:
NEW QUESTION # 43
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Receiving to Costing process.
- B. Run the Transactions from Procurement to Costing process.
- C. Run the Clear Receipt Accrual Balances process.
- D. Run the Create Accounting process.
- E. Run the Transfer Costs from Payables to Cost Management process.
Answer: A
Explanation:
Reference:
NEW QUESTION # 44
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Payables invoices; invoice price variance can be added to item cost.
- B. Purchase order costs; item catalog costs can be used.
- C. Receivables invoices; actual cost can be used.
- D. Requisition costs; validated costs can be used.
- E. Receipt costs; costs include adjustments.
Answer: A
Explanation:
Reference:
NEW QUESTION # 45
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 Distributions Real Time
- B. Costing-Cost Accounting Real Time
- C. Financials-Subledger Accounting-Detail Transactions
- D. Receipt Accounting-- Receipt Accounting Transactions Real Time
- E. Costing -Receipt Accounting Real Time
Answer: C
Explanation:
Reference:
NEW QUESTION # 46
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