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

1Z0-1074-26 actual test
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 23, 2026
  • Q & A: 82 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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
          Topic 2: Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
          • 1. Track transaction status
            • 2. Resolve exceptions
              - Set up orchestration flows
              • 1. Define business events
                • 2. Configure financial rules
                  Topic 3: Subledger Accounting10%- Configure accounting rules
                  • 1. Journal line definitions
                    • 2. Account derivation rules
                      - Review accounting entries
                      • 1. Transfer to General Ledger
                        • 2. Validate subledger journals
                          Topic 4: 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
                                Topic 5: Receipt Accounting20%- Manage Receipt Accounting transactions
                                • 1. Run period-end close
                                  • 2. Analyze and reconcile accruals
                                    - Configure Receipt Accounting
                                    • 1. Accrue at period end
                                      • 2. Receipt accrual process
                                        Topic 6: Landed Cost Management15%- 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 7: Cost Accounting25%- Process and analyze costs
                                                • 1. Review cost distributions
                                                  • 2. Run cost processor
                                                    • 3. Period-end valuation and close
                                                      - Set up Cost Accounting
                                                      • 1. Configure cost components and elements
                                                        • 2. Set up cost profiles
                                                          • 3. Define cost methods

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. Identify two characteristics of Landed Cost charge names.

                                                            A) Charge names cannot be associated with a PO schedule.
                                                            B) You can modify a charge name until it is associated with a trade operation.
                                                            C) Duty is a seeded charge name for Landed Cost.
                                                            D) You can use multiple currencies within a trade operation for the same charge name on different lines.
                                                            E) Charge names cannot be used to tie an invoice to a trade operation.


                                                            2. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
                                                            Identify two reasons this happened.

                                                            A) Outstanding purchase orders have not been received.
                                                            B) The Work Definition is incomplete.
                                                            C) The item has no on-hand inventory.
                                                            D) Burdens have not been established for the item
                                                            E) The assembly item is marked as Perpetual Average costed.


                                                            3. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

                                                            A) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
                                                            B) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
                                                            C) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
                                                            D) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
                                                            E) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions


                                                            4. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

                                                            A) Item/Business Unit/Route
                                                            B) Business Unit/Landed Cost Charge/Cost Organization
                                                            C) Item Category/Material Supplier/Landed Cost Charge
                                                            D) Inventory Organization/Landed Cost Charge/Third Party Supplier
                                                            E) Item Catalog/Inventory Organization/Business Unit


                                                            5. You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

                                                            A) Cost Scenario
                                                            B) Trade Operation
                                                            C) Orders
                                                            D) Charge Name
                                                            E) Routes


                                                            Solutions:

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

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