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

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

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

                                                            A) Costing Account Balances Report
                                                            B) Layer Inventory Valuation Report
                                                            C) COGS and Revenue Matching Report
                                                            D) Work in Process Inventory Valuation Report
                                                            E) Cost Accounting Valuation Report
                                                            F) In-transit Valuation Report
                                                            G) Inventory Valuation Report


                                                            2. Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
                                                            Which pair of tasks are required to define and associate routes in Landed Cost Management?

                                                            A) Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
                                                            B) Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
                                                            C) Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
                                                            D) Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
                                                            E) Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs


                                                            3. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

                                                            A) Uninvoiced Receipt Accrual Report
                                                            B) Accrual Reconciliation Report
                                                            C) Receipt Accounting Real Time Report
                                                            D) Accrual Clearing Report
                                                            E) Accrual Supplier Liability Report


                                                            4. Identify two characteristics of an expense pool. (Choose two.)

                                                            A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
                                                            B) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
                                                            C) You can define the name of your expense pool, but you cannot define more than one.
                                                            D) It is used only for analyzing gross margins on noninventory sales of services.


                                                            5. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
                                                            Identify two reasons this happened.

                                                            A) The Work Definition is incomplete.
                                                            B) Burdens have not been established for the item
                                                            C) The item has no on-hand inventory.
                                                            D) The assembly item is marked as Perpetual Average costed.
                                                            E) Outstanding purchase orders have not been received.


                                                            Solutions:

                                                            Question # 1
                                                            Answer: A,B,F,G
                                                            Question # 2
                                                            Answer: A
                                                            Question # 3
                                                            Answer: B
                                                            Question # 4
                                                            Answer: A,B
                                                            Question # 5
                                                            Answer: A,D

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