Exam Code: 1Z0-1074-26
Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
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
          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
                  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
                        Standard Cost Management15%- Define and maintain standard costs
                        • 1. Update and publish standard costs
                          • 2. Create cost scenarios
                            - Analyze standard cost variances
                            • 1. Usage and rate variances
                              • 2. Purchase price variance
                                Cost Accounting25%- Set up Cost Accounting
                                • 1. Configure cost components and elements
                                  • 2. Define cost methods
                                    • 3. Set up cost profiles
                                      - Process and analyze costs
                                      • 1. Review cost distributions
                                        • 2. Period-end valuation and close
                                          • 3. Run cost processor
                                            Landed Cost Management15%- Configure Landed Cost
                                            • 1. Set up estimated vs actual costs
                                              • 2. Define charge types and rules
                                                - Process landed cost transactions
                                                • 1. Allocate charges
                                                  • 2. Reconcile variances
                                                    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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

                                                            • A. Shipment number
                                                            • B. Bill of Lading
                                                            • C. Internal requisition number
                                                            • D. Receipt number
                                                            • E. Expense invoice number
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B  🗳️

                                                            Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

                                                            You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

                                                            • A. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
                                                            • B. Run the "Activate Accounting Methods" process.
                                                            • C. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
                                                            • D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
                                                            • E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,E  🗳️

                                                            Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

                                                            Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

                                                            • A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
                                                            • B. This requirement will already be met by the default data generated when using Quick Setup.
                                                            • C. Create the cost in Manage Cost Scenarios.
                                                            • D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B  🗳️

                                                            Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

                                                            What are three cost method choices that are available in Cost Accounting?

                                                            • A. Perpetual average cost
                                                            • B. Actual cost (LIFO or Last In First Out)
                                                            • C. Periodic average cost
                                                            • D. Period end average cost
                                                            • E. Standard cost
                                                            • F. Actual cost (FIFO or First In First Out)
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B,F  🗳️

                                                            Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

                                                            If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

                                                            • A. Rule sets assigned to a secondary ledger with a different COA
                                                            • B. Rule sets that have a mapping set to convert the accounts
                                                            • C. Rule sets not associated with any chart of accounts
                                                            • D. Rule sets that use the same chart of accounts
                                                            • E. Rule sets where the accounting rules override the method rule set
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C,D  🗳️

                                                            Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

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