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

1Z0-1074-26
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 12, 2026
  • Q & A: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Cost Accounting25%- Process and analyze costs
  • 1. Period-end valuation and close
    • 2. Run cost processor
      • 3. Review cost distributions
        - Set up Cost Accounting
        • 1. Set up cost profiles
          • 2. Configure cost components and elements
            • 3. Define cost methods
              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
                      Security and Inventory Configuration5%- Configure inventory costing parameters
                      • 1. Organization costing options
                        • 2. Item cost attributes
                          - Set up access control
                          • 1. Define roles and data security
                            Standard Cost Management15%- Analyze standard cost variances
                            • 1. Purchase price variance
                              • 2. Usage and rate variances
                                - Define and maintain standard costs
                                • 1. Update and publish standard costs
                                  • 2. Create cost scenarios
                                    Landed Cost Management15%- Configure Landed Cost
                                    • 1. Define charge types and rules
                                      • 2. Set up estimated vs actual costs
                                        - Process landed cost transactions
                                        • 1. Allocate charges
                                          • 2. Reconcile variances
                                            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
                                                    Subledger Accounting10%- Configure accounting rules
                                                    • 1. Journal line definitions
                                                      • 2. Account derivation rules
                                                        - Review accounting entries
                                                        • 1. Validate subledger journals
                                                          • 2. Transfer to General Ledger

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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


                                                            2. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

                                                            A) Query the transaction from Review Cost Accounting Distributions to see the error message.
                                                            B) Review errors in the Create Accounting Execution log.
                                                            C) Refer to the Accounting Event Diagnostic report.
                                                            D) Refer to the Accounting Event Diagnostic Log.
                                                            E) Review errors in the Create Accounting Execution report.


                                                            3. 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) Receipt costs; costs include adjustments.
                                                            B) Purchase order costs; item catalog costs can be used.
                                                            C) Requisition costs; validated costs can be used.
                                                            D) Payables invoices; invoice price variance can be added to item cost.
                                                            E) Receivables invoices; actual cost can be used.


                                                            4. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

                                                            A) You can streamline your setup effort.
                                                            B) You don't have to create any definitions for cost books.
                                                            C) You can share definitions across multiple cost organizations.
                                                            D) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
                                                            E) You have the option to share setup data across all cost organizations using the common set.
                                                            F) You can control which definitions are visible to different cost organizations


                                                            5. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

                                                            A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
                                                            B) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
                                                            C) They must create their valuation units manually.
                                                            D) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.


                                                            Solutions:

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

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