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

Updated: Aug 24, 2026
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
  • 1. Track transaction status
    • 2. Resolve exceptions
      - Set up orchestration flows
      • 1. Configure financial rules
        • 2. Define business events
          Topic 2: Cost Accounting25%- Process and analyze costs
          • 1. Period-end valuation and close
            • 2. Review cost distributions
              • 3. Run cost processor
                - Set up Cost Accounting
                • 1. Define cost methods
                  • 2. Set up cost profiles
                    • 3. Configure cost components and elements
                      Topic 3: 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
                              Topic 4: 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
                                    Topic 5: 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
                                            Topic 6: 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 7: Standard Cost Management15%- Define and maintain standard costs
                                                    • 1. Create cost scenarios
                                                      • 2. Update and publish standard costs
                                                        - Analyze standard cost variances
                                                        • 1. Usage and rate variances
                                                          • 2. Purchase price variance

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

                                                            A) Transfer transactions from Receiving to Costing.
                                                            B) Execute the Preprocessor.
                                                            C) Activate its journal entry rule set assignments.
                                                            D) Create Accounting.
                                                            E) Transfer costs to Cost Management.


                                                            2. Select the two valid relationships between subledger components.

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


                                                            3. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
                                                            How do you accomplish this?

                                                            A) Extract distribution accounting entries.
                                                            B) Turn off merge matching lines in the journal line rule.
                                                            C) Turn off the summarize flag in the journal line rule.
                                                            D) Turn on detailed posting for GL in the ledger setup.
                                                            E) Write a custom report.


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

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


                                                            5. Select two ways to define the standard cost for an item from the Cost Accounting work area.

                                                            A) Manage the Standard Cost task.
                                                            B) Create Standard Cost in a spreadsheet.
                                                            C) Manage the Item Cost task.
                                                            D) Import standard costs from receipt layers.


                                                            Solutions:

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

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