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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Sep 11, 2026
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  • Exam Code: 1Z0-1074-26
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Cost Accounting25%- Process and analyze costs
  • 1. Period-end valuation and close
    • 2. Review cost distributions
      • 3. Run cost processor
        - Set up Cost Accounting
        • 1. Set up cost profiles
          • 2. Configure cost components and elements
            • 3. Define cost methods
              Topic 2: Supply Chain Financial Orchestration10%- Set up orchestration flows
              • 1. Configure financial rules
                • 2. Define business events
                  - Monitor and troubleshoot flows
                  • 1. Resolve exceptions
                    • 2. Track transaction status
                      Topic 3: 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
                            Topic 4: Subledger Accounting10%- Review accounting entries
                            • 1. Validate subledger journals
                              • 2. Transfer to General Ledger
                                - Configure accounting rules
                                • 1. Account derivation rules
                                  • 2. Journal line definitions
                                    Topic 5: Receipt Accounting20%- Manage Receipt Accounting transactions
                                    • 1. Run period-end close
                                      • 2. Analyze and reconcile accruals
                                        - Configure Receipt Accounting
                                        • 1. Accrue at period end
                                          • 2. Receipt accrual process
                                            Topic 6: Standard Cost Management15%- Define and maintain standard costs
                                            • 1. Create cost scenarios
                                              • 2. Update and publish standard costs
                                                - Analyze standard cost variances
                                                • 1. Usage and rate variances
                                                  • 2. Purchase price variance
                                                    Topic 7: Landed Cost Management15%- Process landed cost transactions
                                                    • 1. Reconcile variances
                                                      • 2. Allocate charges
                                                        - Configure Landed Cost
                                                        • 1. Set up estimated vs actual costs
                                                          • 2. Define charge types and rules

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Question #1

                                                            Identify two characteristics of a cost profile.

                                                            • A. It is where you define your Cost Accounting policies.
                                                            • B. It is used for calculating the estimated cost of manufactured items under different scenarios.
                                                            • C. It is used for Receipt Accounting.
                                                            • D. It is where you define which cost method you want to use for the cost component to cost element mapping.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,C  🗳️

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

                                                            Question #2

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

                                                            • A. Accrual Reconciliation Report
                                                            • B. Accrual Supplier Liability Report
                                                            • C. Receipt Accounting Real Time Report
                                                            • D. Uninvoiced Receipt Accrual Report
                                                            • E. Accrual Clearing Report
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A  🗳️

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

                                                            Question #3

                                                            At what level can you define item cost profiles?

                                                            • A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
                                                            • B. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
                                                            • C. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
                                                            • D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: C  🗳️

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

                                                            Question #4

                                                            Which two rules determine whether a condition has been met for accounting rules?

                                                            • A. Priorities determine the order in which accounting rule conditions are examined.
                                                            • B. Use parenthesis to control the order of the condition evaluation.
                                                            • C. The conditions are evaluated in the sequence they are defined in the accounting rule.
                                                            • D. When the condition is met, the rule associated with that priority is used.
                                                            • E. After all conditions are tested, the final resulting value is used.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,D  🗳️

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

                                                            Question #5

                                                            Select two ways to define the standard cost for an item from the Cost Accounting work area.

                                                            • A. Manage the Item Cost task.
                                                            • B. Manage the Standard Cost task.
                                                            • C. Create Standard Cost in a spreadsheet.
                                                            • D. Import standard costs from receipt layers.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B,C  🗳️

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

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