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Oracle 1Z0-1074-26 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Cost Management Cloud 2026 Implementation Professional
Exam Number:1Z0-1074-26
Exam Duration:90 minutes
Real Exam Qty:50
Passing Score:68%
Exam Price:USD $245
Exam Format:Multiple Choice, Scenario-based questions
Certificate Validity Period:18 months
Related Certifications:Oracle Cost Management Cloud Certified Implementation Professional
Oracle SCM Cloud Implementation Professional
Available Languages:English
Recommended Training:Oracle SCM Cloud: Cost Management Implementation
Oracle Cloud Learning Subscription
Exam Registration:Oracle University Exam Page
Pearson VUE Registration
Sample Questions:Oracle 1Z0-1074-26 Sample Questions
Exam Way:Online proctored (OnVUE) or in-person at authorized Pearson VUE test centers
Pre Condition:No formal prerequisites; Delta exam available for eligible holders of Cost Management Cloud certifications from 2019 onward
Official Syllabus URL:https://education.oracle.com/ouexam-pexam_1z0-1074-26/pexam_1Z0-1074-26

Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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
          Topic 2: Cost Accounting25%- Set up Cost Accounting
          • 1. Configure cost components and elements
            • 2. Define cost methods
              • 3. Set up cost profiles
                - Process and analyze costs
                • 1. Run cost processor
                  • 2. Period-end valuation and close
                    • 3. Review cost distributions
                      Topic 3: 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
                            Topic 4: 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 5: 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 6: Receipt Accounting20%- Configure Receipt Accounting
                                            • 1. Accrue at period end
                                              • 2. Receipt accrual process
                                                - Manage Receipt Accounting transactions
                                                • 1. Run period-end close
                                                  • 2. Analyze and reconcile accruals
                                                    Topic 7: Subledger Accounting10%- Review accounting entries
                                                    • 1. Transfer to General Ledger
                                                      • 2. Validate subledger journals
                                                        - Configure accounting rules
                                                        • 1. Account derivation rules
                                                          • 2. Journal line definitions

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            1. Identify four characteristics of a cost element.

                                                            A) Users can define any number of cost elements.
                                                            B) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
                                                            C) It is user-defined.
                                                            D) The mapping of cost components into cost elements is user-defined.
                                                            E) It uses date effectivity.
                                                            F) It is the granularity at which costs are tracked and accounted.


                                                            2. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

                                                            A) Trade Operation Template
                                                            B) Routes
                                                            C) Material Receipts
                                                            D) PreReference Types
                                                            E) Charge Names


                                                            3. 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) Orders
                                                            B) Routes
                                                            C) Trade Operation
                                                            D) Charge Name
                                                            E) Cost Scenario


                                                            4. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

                                                            A) It can help you understand true margins and value added by internal business units through the internal supply chain.
                                                            B) It is only used when you do not need to maintain an arm's length relationship.
                                                            C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
                                                            D) It can help you with consolidated financial reporting.
                                                            E) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.


                                                            5. Which statement is true regarding the cost cutoff date in Cost Accounting?

                                                            A) It only affects whether or not you can process a cost adjustment.
                                                            B) Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
                                                            C) Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
                                                            D) Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.


                                                            Solutions:

                                                            Question # 1
                                                            Answer: B,C,D,E
                                                            Question # 2
                                                            Answer: D
                                                            Question # 3
                                                            Answer: C
                                                            Question # 4
                                                            Answer: A,C,D
                                                            Question # 5
                                                            Answer: D

                                                            Oracle 1Z0-1074-26 Exam Overview:

                                                            Certification Vendor:Oracle
                                                            Exam Name:Oracle Cost Management Cloud 2026 Implementation Professional
                                                            Exam Number:1Z0-1074-26
                                                            Exam Duration:90 minutes
                                                            Real Exam Qty:50
                                                            Passing Score:68%
                                                            Exam Price:USD $245
                                                            Exam Format:Multiple Choice, Scenario-based questions
                                                            Certificate Validity Period:18 months
                                                            Related Certifications:Oracle Cost Management Cloud Certified Implementation Professional
                                                            Oracle SCM Cloud Implementation Professional
                                                            Available Languages:English
                                                            Recommended Training:Oracle SCM Cloud: Cost Management Implementation
                                                            Oracle Cloud Learning Subscription
                                                            Exam Registration:Oracle University Exam Page
                                                            Pearson VUE Registration
                                                            Sample Questions:Oracle 1Z0-1074-26 Sample Questions
                                                            Exam Way:Online proctored (OnVUE) or in-person at authorized Pearson VUE test centers
                                                            Pre Condition:No formal prerequisites; Delta exam available for eligible holders of Cost Management Cloud certifications from 2019 onward
                                                            Official Syllabus URL:https://education.oracle.com/ouexam-pexam_1z0-1074-26/pexam_1Z0-1074-26

                                                            Oracle 1Z0-1074-26 Exam Syllabus Topics:

                                                            SectionWeightObjectives
                                                            Topic 1: 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
                                                                    Topic 2: Cost Accounting25%- Set up Cost Accounting
                                                                    • 1. Configure cost components and elements
                                                                      • 2. Define cost methods
                                                                        • 3. Set up cost profiles
                                                                          - Process and analyze costs
                                                                          • 1. Run cost processor
                                                                            • 2. Period-end valuation and close
                                                                              • 3. Review cost distributions
                                                                                Topic 3: 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
                                                                                      Topic 4: 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 5: 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 6: Receipt Accounting20%- Configure Receipt Accounting
                                                                                                      • 1. Accrue at period end
                                                                                                        • 2. Receipt accrual process
                                                                                                          - Manage Receipt Accounting transactions
                                                                                                          • 1. Run period-end close
                                                                                                            • 2. Analyze and reconcile accruals
                                                                                                              Topic 7: Subledger Accounting10%- Review accounting entries
                                                                                                              • 1. Transfer to General Ledger
                                                                                                                • 2. Validate subledger journals
                                                                                                                  - Configure accounting rules
                                                                                                                  • 1. Account derivation rules
                                                                                                                    • 2. Journal line definitions

                                                                                                                      Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                                                                                      1. Identify four characteristics of a cost element.

                                                                                                                      A) Users can define any number of cost elements.
                                                                                                                      B) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
                                                                                                                      C) It is user-defined.
                                                                                                                      D) The mapping of cost components into cost elements is user-defined.
                                                                                                                      E) It uses date effectivity.
                                                                                                                      F) It is the granularity at which costs are tracked and accounted.


                                                                                                                      2. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

                                                                                                                      A) Trade Operation Template
                                                                                                                      B) Routes
                                                                                                                      C) Material Receipts
                                                                                                                      D) PreReference Types
                                                                                                                      E) Charge Names


                                                                                                                      3. 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) Orders
                                                                                                                      B) Routes
                                                                                                                      C) Trade Operation
                                                                                                                      D) Charge Name
                                                                                                                      E) Cost Scenario


                                                                                                                      4. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

                                                                                                                      A) It can help you understand true margins and value added by internal business units through the internal supply chain.
                                                                                                                      B) It is only used when you do not need to maintain an arm's length relationship.
                                                                                                                      C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
                                                                                                                      D) It can help you with consolidated financial reporting.
                                                                                                                      E) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.


                                                                                                                      5. Which statement is true regarding the cost cutoff date in Cost Accounting?

                                                                                                                      A) It only affects whether or not you can process a cost adjustment.
                                                                                                                      B) Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
                                                                                                                      C) Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
                                                                                                                      D) Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.


                                                                                                                      Solutions:

                                                                                                                      Question # 1
                                                                                                                      Answer: B,C,D,E
                                                                                                                      Question # 2
                                                                                                                      Answer: D
                                                                                                                      Question # 3
                                                                                                                      Answer: C
                                                                                                                      Question # 4
                                                                                                                      Answer: A,C,D
                                                                                                                      Question # 5
                                                                                                                      Answer: D

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