1Z0-1074-26 exam dumps

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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • No. of Questions: 82 Questions and Answers
  • Updated: Oct 08, 2026

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  • Total Questions: 82
  • Updated on: Oct 08, 2026
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  • Total Questions: 82
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
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
        Supply Chain Financial Orchestration10%- Monitor and troubleshoot flows
        • 1. Track transaction status
          • 2. Resolve exceptions
            - Set up orchestration flows
            • 1. Configure financial rules
              • 2. Define business events
                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
                        Receipt Accounting20%- Manage Receipt Accounting transactions
                        • 1. Analyze and reconcile accruals
                          • 2. Run period-end close
                            - Configure Receipt Accounting
                            • 1. Receipt accrual process
                              • 2. Accrue at period end
                                Subledger Accounting10%- Configure accounting rules
                                • 1. Journal line definitions
                                  • 2. Account derivation rules
                                    - Review accounting entries
                                    • 1. Validate subledger journals
                                      • 2. Transfer to General Ledger
                                        Standard Cost Management15%- Analyze standard cost variances
                                        • 1. Purchase price variance
                                          • 2. Usage and rate variances
                                            - Define and maintain standard costs
                                            • 1. Update and publish standard costs
                                              • 2. Create cost scenarios
                                                Cost Accounting25%- Set up Cost Accounting
                                                • 1. Set up cost profiles
                                                  • 2. Define cost methods
                                                    • 3. Configure cost components and elements
                                                      - Process and analyze costs
                                                      • 1. Run cost processor
                                                        • 2. Period-end valuation and close
                                                          • 3. Review cost distributions

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

                                                            • A. Cost Accounting Valuation Report
                                                            • B. Costing Account Balances Report
                                                            • C. Layer Inventory Valuation Report
                                                            • D. Work in Process Inventory Valuation Report
                                                            • E. Inventory Valuation Report
                                                            • F. In-transit Valuation Report
                                                            • G. COGS and Revenue Matching Report
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B,C,E,F  🗳️

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

                                                            Correct Answer: A,B  🗳️

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

                                                            You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

                                                            • A. Cost Scenario
                                                            • B. Routes
                                                            • C. Orders
                                                            • D. Charge Name
                                                            • E. Trade Operation
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: E  🗳️

                                                            Explanation: Only visible for PrepAwayETE 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. Standard Cost variances
                                                            • B. Input Costs
                                                            • C. Variable Costs
                                                            • D. Incremental Costs
                                                            • E. Output Costs
                                                            • F. Scrap Costs
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,B,E,F  🗳️

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

                                                            Which two outcomes can happen in create accounting when an account combination returned is end dated?

                                                            • A. Suspense accounts cannot be used.
                                                            • B. An error will always occur.
                                                            • C. The original account is stored on the journal line.
                                                            • D. An alternate account will be used if provided.
                                                            • E. The preprocessor will pre-warn about this error.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C,D  🗳️

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

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