Oracle 1Z0-1074-26 Q&A - in .pdf

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Sep 27, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Q&A - Testing Engine

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Sep 27, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
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
          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
                  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
                        Cost Accounting25%- Set up Cost Accounting
                        • 1. Define cost methods
                          • 2. Configure cost components and elements
                            • 3. Set up cost profiles
                              - Process and analyze costs
                              • 1. Period-end valuation and close
                                • 2. Run cost processor
                                  • 3. Review cost distributions
                                    Landed Cost Management15%- Configure Landed Cost
                                    • 1. Define charge types and rules
                                      • 2. Set up estimated vs actual costs
                                        - Process landed cost transactions
                                        • 1. Allocate charges
                                          • 2. Reconcile variances
                                            Subledger Accounting10%- Review accounting entries
                                            • 1. Transfer to General Ledger
                                              • 2. Validate subledger journals
                                                - Configure accounting rules
                                                • 1. Journal line definitions
                                                  • 2. Account derivation rules
                                                    Receipt Accounting20%- Manage Receipt Accounting transactions
                                                    • 1. Run period-end close
                                                      • 2. Analyze and reconcile accruals
                                                        - Configure Receipt Accounting
                                                        • 1. Receipt accrual process
                                                          • 2. Accrue at period end

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Question #1

                                                            In which two scenarios would you define account rules based on value sets?

                                                            • A. If a segment shares the same value set across multiple chart of accounts
                                                            • B. When a chart of accounts is assigned to the value set definition
                                                            • C. When a secondary ledger has a different COA
                                                            • D. When there is a mapping set to convert the accounts
                                                            • E. In the absence of a chart of accounts on the accounting method
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,D  🗳️

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

                                                            Question #2

                                                            A chart of accounts (COA) must be specified on the accounting method for which two situations?

                                                            • A. When using segment rules
                                                            • B. Every accounting method should have a COA.
                                                            • C. When using account combination rules
                                                            • D. When using ledgers that have unique accounting requirements
                                                            • E. When account combination rules use constants
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B  🗳️

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

                                                            Question #3

                                                            Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

                                                            • A. Business Unit and Cost Organization
                                                            • B. Inventory Organization and Cost Organization
                                                            • C. Legal Entity and Cost Organization
                                                            • D. Business Unit and Inventory Organization
                                                            • E. Inventory Organization and Legal Entity
                                                            • F. Business Unit and Legal Entity
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: D  🗳️

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

                                                            Question #4

                                                            Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

                                                            • A. The quantity is tracked in inventory but not as an asset until there is an ownership event
                                                            • B. There is no difference between owned inventory and consigned inventory.
                                                            • C. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
                                                            • D. The liability for a consigned item occurs when there is an ownership event.
                                                            • E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
                                                            • F. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B,D,E,F  🗳️

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

                                                            Question #5

                                                            Identify two characteristics of Landed Cost charge names.

                                                            • A. You can use multiple currencies within a trade operation for the same charge name on different lines.
                                                            • B. You can modify a charge name until it is associated with a trade operation.
                                                            • C. Charge names cannot be associated with a PO schedule.
                                                            • D. Charge names cannot be used to tie an invoice to a trade operation.
                                                            • E. Duty is a seeded charge name for Landed Cost.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B  🗳️

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

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