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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Subledger Accounting10%- Configure accounting rules
  • 1. Account derivation rules
    • 2. Journal line definitions
      - Review accounting entries
      • 1. Validate subledger journals
        • 2. Transfer to General Ledger
          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. Configure cost components and elements
                  • 2. Set up cost profiles
                    • 3. Define cost methods
                      Landed Cost Management15%- Process landed cost transactions
                      • 1. Allocate charges
                        • 2. Reconcile variances
                          - Configure Landed Cost
                          • 1. Set up estimated vs actual costs
                            • 2. Define charge types and rules
                              Security and Inventory Configuration5%- Set up access control
                              • 1. Define roles and data security
                                - Configure inventory costing parameters
                                • 1. Item cost attributes
                                  • 2. Organization costing options
                                    Supply Chain Financial Orchestration10%- Set up orchestration flows
                                    • 1. Define business events
                                      • 2. Configure financial rules
                                        - Monitor and troubleshoot flows
                                        • 1. Resolve exceptions
                                          • 2. Track transaction status
                                            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
                                                    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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

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


                                                            2. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

                                                            A) Transfer to Sub ledger Accounting.
                                                            B) Create distributions.
                                                            C) Transfer transactions from payables.
                                                            D) Assign accruals to purchase order transactions.
                                                            E) Transfer transactions from receiving.


                                                            3. Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

                                                            A) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
                                                            B) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
                                                            C) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
                                                            D) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
                                                            E) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
                                                            F) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management


                                                            4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
                                                            What do you need to do for your receipt to show up?

                                                            A) Run the Transfer Costs from Payables to Cost Management process.
                                                            B) Run the Create Accounting process.
                                                            C) Run the Transactions from Procurement to Costing process.
                                                            D) Run the Clear Receipt Accrual Balances process.
                                                            E) Run the Transactions from Receiving to Costing process.


                                                            5. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

                                                            A) Charge Name
                                                            B) Trade Operation Templates
                                                            C) Routes
                                                            D) Reference Types
                                                            E) Trade Operation


                                                            Solutions:

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

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