Oracle 1Z0-1074-26 : Oracle Cost Management Cloud 2026 Implementation Professional

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Jul 24, 2026
  • Q & A: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Landed Cost Management15%- 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
          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. Period-end valuation and close
                  • 2. Run cost processor
                    • 3. Review cost distributions
                      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
                              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
                                    Receipt Accounting20%- Configure Receipt Accounting
                                    • 1. Receipt accrual process
                                      • 2. Accrue at period end
                                        - Manage Receipt Accounting transactions
                                        • 1. Analyze and reconcile accruals
                                          • 2. Run period-end close
                                            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
                                                    Subledger Accounting10%- Configure accounting rules
                                                    • 1. Account derivation rules
                                                      • 2. Journal line definitions
                                                        - Review accounting entries
                                                        • 1. Validate subledger journals
                                                          • 2. Transfer to General Ledger

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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


                                                            2. What are three cost method choices that are available in Cost Accounting?

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


                                                            3. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

                                                            A) Receipt Accounting
                                                            B) Inventory Management
                                                            C) Product Model
                                                            D) Landed Cost Management
                                                            E) Cost Accounting


                                                            4. Which three cost planning tasks can be performed in the Cost Accounting work area?

                                                            A) Review Work Order Costs
                                                            B) Management Cost Accounting Periods
                                                            C) Estimating Standard Costs for Assemblies
                                                            D) Manage Resource Rates
                                                            E) Analyzing and Comparing Costs
                                                            F) Review Item Costs


                                                            5. Select the two valid relationships between subledger components.

                                                            A) Journal entry rule sets hold journal rules and accounting rules.
                                                            B) Journal entry rules are used to hold accounting rules.
                                                            C) The journal lines hold the journal entry rule sets.
                                                            D) The accounting method groups journal entry rule sets by Event Class and Event Type.
                                                            E) The accounting method holds the accounting rules by Event Class and Event Type.


                                                            Solutions:

                                                            Question # 1
                                                            Answer: E
                                                            Question # 2
                                                            Answer: B,E,F
                                                            Question # 3
                                                            Answer: B
                                                            Question # 4
                                                            Answer: C,D,E
                                                            Question # 5
                                                            Answer: A,B

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