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

1Z0-1074-26 real exams

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Aug 30, 2026

Q & A: 82 Questions and Answers

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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Question 1

                                                            The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

                                                            A. Routes
                                                            B. Trade Operation Template
                                                            C. PreReference Types
                                                            D. Material Receipts
                                                            E. Charge Names


                                                            Question 2

                                                            When attempting to open costing periods, your customer is receiving the following error:
                                                            Error: You do not have the required permission. You can request that your help desk change your security settings.
                                                            What configuration needs to be done so your customer will be able to open the Cost Accounting period?

                                                            A. Create Data Access on the Accounts Payable role for the correct cost organization.
                                                            B. Create Data Access on the Cost Accountant role for the correct inventory organization.
                                                            C. Create Data Access on the Cost Accountant role for the correct cost organization.
                                                            D. Create Data Access on the Accounts Payable role for the correct inventory organization.


                                                            Question 3

                                                            Identify two ways that standard cost is calculated.

                                                            A. Users must manually enter the cost of each configured item; the calculation is not automated.
                                                            B. The standard cost of the configured item is based on the purchase order price quoted by the
                                                            C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
                                                            D. The cost of a configured item is calculated based on the work definition of the model item.
                                                            E. The standard cost is the sum of the cost of the selected option items.


                                                            Question 4

                                                            Identify three characteristics of cost component to cost element mapping.

                                                            A. It is one of the attributes you define as part of your cost profile definitions.
                                                            B. It lets you define how cost component level costs will map into cost elements.
                                                            C. You cannot modify, duplicate, or create user-defined cost components.
                                                            D. You can only define one cost component to cost element mapping for an installation.
                                                            E. It is user-defined.


                                                            Question 5

                                                            Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

                                                            A. Business Unit and Inventory Organization
                                                            B. Inventory Organization and Cost Organization
                                                            C. Legal Entity and Cost Organization
                                                            D. Business Unit and Legal Entity
                                                            E. Business Unit and Cost Organization
                                                            F. Inventory Organization and Legal Entity


                                                            Solutions:

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

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