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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
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. Reconcile variances 2. Allocate charges
Security and Inventory Configuration	5%	- Set up access control 1. Define roles and data security - Configure inventory costing parameters 1. Item cost attributes 2. Organization costing options
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. Run cost processor 2. Review cost distributions 3. Period-end valuation and close
Receipt Accounting	20%	- Manage Receipt Accounting transactions 1. Run period-end close 2. Analyze and reconcile accruals - Configure Receipt Accounting 1. Receipt accrual process 2. Accrue at period end
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
Supply Chain Financial Orchestration	10%	- Monitor and troubleshoot flows 1. Resolve exceptions 2. Track transaction status - Set up orchestration flows 1. Define business events 2. Configure financial rules
Standard Cost Management	15%	- 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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q41-Q46):

NEW QUESTION # 41
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 Accounts Payable role for the correct cost organization.
B. Create Data Access on the Cost Accountant role for the correct inventory 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 cost organization.

Answer: D

Explanation:
Reference:

NEW QUESTION # 42
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. Inventory Valuation Report
B. Work in Process Inventory Valuation Report
C. Cost Accounting Valuation Report
D. Costing Account Balances Report
E. In-transit Valuation Report
F. COGS and Revenue Matching Report
G. Layer Inventory Valuation Report

Answer: A,D,E,G

Explanation:
Reference:

NEW QUESTION # 43
Identify two characteristics of a cost profile.

A. It is where you define which cost method you want to use for the cost component to cost element mapping.
B. It is used for calculating the estimated cost of manufactured items under different scenarios.
C. It is used for Receipt Accounting.
D. It is where you define your Cost Accounting policies.

Answer: C,D

Explanation:
Reference:

NEW QUESTION # 44
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 # 45
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A. You can streamline your setup effort.
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 don't have to create any definitions for cost books.

Answer: A,B,C,D

Explanation:
Reference:

NEW QUESTION # 46
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