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

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Nov 09, 2026
  • Q & A: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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
          Topic 2: 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 3: 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
                        Topic 4: Standard Cost Management15%- Analyze standard cost variances
                        • 1. Purchase price variance
                          • 2. Usage and rate variances
                            - Define and maintain standard costs
                            • 1. Create cost scenarios
                              • 2. Update and publish standard costs
                                Topic 5: Subledger Accounting10%- Review accounting entries
                                • 1. Validate subledger journals
                                  • 2. Transfer to General Ledger
                                    - Configure accounting rules
                                    • 1. Journal line definitions
                                      • 2. Account derivation rules
                                        Topic 6: 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 7: Cost Accounting25%- Set up Cost Accounting
                                                • 1. Define cost methods
                                                  • 2. Set up cost profiles
                                                    • 3. Configure cost components and elements
                                                      - Process and analyze costs
                                                      • 1. Period-end valuation and close
                                                        • 2. Run cost processor
                                                          • 3. Review cost distributions

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Question #1

                                                            Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

                                                            • A. Inventory
                                                            • B. Shipping
                                                            • C. Order Management
                                                            • D. Financial Orchestration
                                                            • E. Purchasing
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: D  🗳️

                                                            Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                                            Question #2

                                                            Identify three Landed Cost Management tasks.

                                                            • A. Create Accounting
                                                            • B. View Rolled Up Costs
                                                            • C. Manage Cost Scenarios
                                                            • D. Review Journal Entries
                                                            • E. Perform Allocations
                                                            • F. Capture Charges
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,E,F  🗳️

                                                            Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                                            Question #3

                                                            Select the two valid relationships between subledger components.

                                                            • A. Journal entry rule sets hold journal rules and accounting rules.
                                                            • B. The accounting method holds the accounting rules by Event Class and Event Type.
                                                            • C. The journal lines hold the journal entry rule sets.
                                                            • D. The accounting method groups journal entry rule sets by Event Class and Event Type.
                                                            • E. Journal entry rules are used to hold accounting rules.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,E  🗳️

                                                            Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                                            Question #4

                                                            Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

                                                            • A. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
                                                            • B. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
                                                            • C. Review their audit receipt accrual clearing balances.
                                                            • D. Review their Receipt Accounting processes that show whether any processes failed and why.
                                                            • E. Review their accrual balances and clear them.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B,E  🗳️

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                                                            Question #5

                                                            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. Turn on detailed posting for GL in the ledger setup.
                                                            • B. Turn off the summarize flag in the journal line rule.
                                                            • C. Write a custom report.
                                                            • D. Extract distribution accounting entries.
                                                            • E. Turn off merge matching lines in the journal line rule.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: E  🗳️

                                                            Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

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