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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Receipt Accounting20%- Configure Receipt Accounting
  • 1. Accrue at period end
    • 2. Receipt accrual process
      - Manage Receipt Accounting transactions
      • 1. Run period-end close
        • 2. Analyze and reconcile accruals
          Topic 2: 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 3: 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
                          Topic 4: Standard Cost Management15%- Define and maintain standard costs
                          • 1. Update and publish standard costs
                            • 2. Create cost scenarios
                              - Analyze standard cost variances
                              • 1. Purchase price variance
                                • 2. Usage and rate variances
                                  Topic 5: Cost Accounting25%- Process and analyze costs
                                  • 1. Review cost distributions
                                    • 2. Period-end valuation and close
                                      • 3. Run cost processor
                                        - Set up Cost Accounting
                                        • 1. Set up cost profiles
                                          • 2. Configure cost components and elements
                                            • 3. Define cost methods
                                              Topic 6: Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
                                              • 1. Resolve exceptions
                                                • 2. Track transaction status
                                                  - Set up orchestration flows
                                                  • 1. Define business events
                                                    • 2. Configure financial rules
                                                      Topic 7: 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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Which two types of costs are included in the cost of contract manufactured items?

                                                            • A. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
                                                            • B. The cost of the contract manufacturing service Item. This is the price that the contract
                                                            • C. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
                                                            • D. The cost of resources consumed at the OEM's factory
                                                            • E. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C,E  🗳️

                                                            Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                                            Identify four processors available in the cost processor.

                                                            • A. Cost Accounting Processor
                                                            • B. Cost Reports Processor
                                                            • C. Receipt Processor
                                                            • D. Costing Period Processor
                                                            • E. Cost of Goods Sold Processor
                                                            • F. Cost Distribution Processor
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B,E,F  🗳️

                                                            Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                                            Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

                                                            • A. Cost Accounting
                                                            • B. Receipt Accounting
                                                            • C. Product Model
                                                            • D. Landed Cost Management
                                                            • E. Inventory Management
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: E  🗳️

                                                            Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                                            Identify four features provided by the Review Work Order Costs UI when displaying work order

                                                            • A. Scrap Costs
                                                            • B. Incremental Costs
                                                            • C. Output Costs
                                                            • D. Input Costs
                                                            • E. Standard Cost variances
                                                            • F. Variable Costs
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,C,D,E  🗳️

                                                            Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                                            Identify two purposes of Sub ledger Accounting.

                                                            • A. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
                                                            • B. to calculate costs for transactions
                                                            • C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
                                                            • D. to maintain backward compatibility
                                                            • E. to centralize accounting string generation across all modules
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B,C  🗳️

                                                            Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

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