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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Supply Chain Financial Orchestration10%- Set up orchestration flows
  • 1. Define business events
    • 2. Configure financial rules
      - Monitor and troubleshoot flows
      • 1. Resolve exceptions
        • 2. Track transaction status
          Topic 2: Landed Cost Management15%- Process landed cost transactions
          • 1. Reconcile variances
            • 2. Allocate charges
              - Configure Landed Cost
              • 1. Define charge types and rules
                • 2. Set up estimated vs actual costs
                  Topic 3: Security and Inventory Configuration5%- Configure inventory costing parameters
                  • 1. Organization costing options
                    • 2. Item cost attributes
                      - Set up access control
                      • 1. Define roles and data security
                        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. Define cost methods
                                        • 2. Set up cost profiles
                                          • 3. Configure cost components and elements
                                            Topic 6: Receipt Accounting20%- Manage Receipt Accounting transactions
                                            • 1. Analyze and reconcile accruals
                                              • 2. Run period-end close
                                                - Configure Receipt Accounting
                                                • 1. Accrue at period end
                                                  • 2. Receipt accrual process
                                                    Topic 7: Subledger Accounting10%- Configure accounting rules
                                                    • 1. Journal line definitions
                                                      • 2. Account derivation rules
                                                        - Review accounting entries
                                                        • 1. Transfer to General Ledger
                                                          • 2. Validate subledger journals

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
                                                            How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

                                                            • A. Run the Create Cost Accounting Distribution process with the following parameters:
                                                            • B. Run the Create Cost Accounting Distribution process with the following parameters:
                                                            • C. Run the Create Accounting for Costing process with the following parameters:
                                                            • D. Run the Create Accounting for Costing process with the following parameters:
                                                            • E. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C  🗳️

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                                                            Landed Cost Variance Analysis can be performed based on which three dimension combinations?

                                                            • A. Inventory Organization/Landed Cost Charge/Third Party Supplier
                                                            • B. Business Unit/Landed Cost Charge/Cost Organization
                                                            • C. Item/Business Unit/Route
                                                            • D. Item Catalog/Inventory Organization/Business Unit
                                                            • E. Item Category/Material Supplier/Landed Cost Charge
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: D  🗳️

                                                            Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).

                                                            Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
                                                            What must you do to meet your customer's requirement and resolve this error?

                                                            • A. Run the Transfer Transactions to Costing process.
                                                            • B. Close the August period; you can never have two open periods at the same time.
                                                            • C. Change the number of maximum open periods in Manage Cost Organization Relationships
                                                            • D. Perform cost account validations for August in Manage Cost Accounting Periods
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C  🗳️

                                                            Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).

                                                            Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

                                                            • A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
                                                            • B. Event Class: Period End Accrual Event Type: Period End Accrual
                                                            • C. Event Class: Expense Accrual Event Type: Period End Accrual
                                                            • D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
                                                            • E. Event Class: Expense Accrual Event Type: Expense Accrual
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B  🗳️

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                                                            Identify two ways that standard cost is calculated.

                                                            • A. Users must manually enter the cost of each configured item; the calculation is not automated.
                                                            • B. The cost of a configured item is calculated based on the work definition of the model item.
                                                            • C. The standard cost is the sum of the cost of the selected option items.
                                                            • D. The standard cost of the configured item is based on the purchase order price quoted by the
                                                            • E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C,E  🗳️

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