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Oracle 1Z0-1074-26

1Z0-1074-26

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Aug 08, 2026

Q&A Number: 82 Q&As

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Landed Cost Management15%- Process landed cost transactions
  • 1. Allocate charges
    • 2. Reconcile variances
      - Configure Landed Cost
      • 1. Define charge types and rules
        • 2. Set up estimated vs actual costs
          Security and Inventory Configuration5%- Configure inventory costing parameters
          • 1. Item cost attributes
            • 2. Organization costing options
              - Set up access control
              • 1. Define roles and data security
                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
                        Cost Accounting25%- Process and analyze costs
                        • 1. Review cost distributions
                          • 2. Period-end valuation and close
                            • 3. Run cost processor
                              - Set up Cost Accounting
                              • 1. Configure cost components and elements
                                • 2. Set up cost profiles
                                  • 3. Define cost methods
                                    Receipt Accounting20%- 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
                                            Standard Cost Management15%- Define and maintain standard costs
                                            • 1. Create cost scenarios
                                              • 2. Update and publish standard costs
                                                - Analyze standard cost variances
                                                • 1. Purchase price variance
                                                  • 2. Usage and rate variances
                                                    Supply Chain Financial Orchestration10%- Set up orchestration flows
                                                    • 1. Configure financial rules
                                                      • 2. Define business events
                                                        - Monitor and troubleshoot flows
                                                        • 1. Track transaction status
                                                          • 2. Resolve exceptions

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

                                                            A) Work definitions with the lowest production priority
                                                            B) Work definitions with the highest costing priority
                                                            C) Work definitions with the highest production priority
                                                            D) Work definitions with specific unit numbers
                                                            E) Work definitions without alternates


                                                            2. A chart of accounts (COA) must be specified on the accounting method for which two situations?

                                                            A) When account combination rules use constants
                                                            B) When using account combination rules
                                                            C) When using ledgers that have unique accounting requirements
                                                            D) Every accounting method should have a COA.
                                                            E) When using segment rules


                                                            3. Which two rules determine whether a condition has been met for accounting rules?

                                                            A) When the condition is met, the rule associated with that priority is used.
                                                            B) Use parenthesis to control the order of the condition evaluation.
                                                            C) The conditions are evaluated in the sequence they are defined in the accounting rule.
                                                            D) Priorities determine the order in which accounting rule conditions are examined.
                                                            E) After all conditions are tested, the final resulting value is used.


                                                            4. 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 accounting method groups journal entry rule sets by Event Class and Event Type.
                                                            D) The journal lines hold the journal entry rule sets.
                                                            E) The accounting method holds the accounting rules by Event Class and Event Type.


                                                            5. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

                                                            A) Event Class: Expense Accrual Event Type: Period End Accrual
                                                            B) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
                                                            C) Event Class: Period End Accrual Event Type: Period End Accrual
                                                            D) Event Class: Expense Accrual Event Type: Expense Accrual
                                                            E) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual


                                                            Solutions:

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

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