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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
          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
                  Cost Accounting25%- Process and analyze costs
                  • 1. Run cost processor
                    • 2. Review cost distributions
                      • 3. Period-end valuation and close
                        - Set up Cost Accounting
                        • 1. Define cost methods
                          • 2. Set up cost profiles
                            • 3. Configure cost components and elements
                              Standard Cost Management15%- Analyze standard cost variances
                              • 1. Usage and rate variances
                                • 2. Purchase price variance
                                  - Define and maintain standard costs
                                  • 1. Create cost scenarios
                                    • 2. Update and publish standard costs
                                      Receipt Accounting20%- Configure Receipt Accounting
                                      • 1. Receipt accrual process
                                        • 2. Accrue at period end
                                          - Manage Receipt Accounting transactions
                                          • 1. Analyze and reconcile accruals
                                            • 2. Run period-end close
                                              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
                                                      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

                                                            Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

                                                            Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

                                                            • A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
                                                            • B. Create the cost in Manage Cost Scenarios.
                                                            • C. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
                                                            • D. This requirement will already be met by the default data generated when using Quick Setup.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: D  🗳️

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

                                                            Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

                                                            • A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
                                                            • B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
                                                            • C. They must create their valuation units manually.
                                                            • D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: D  🗳️

                                                            Explanation: Only visible for ActualTestsIT 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. Routes
                                                            • B. Trade Operation
                                                            • C. Charge Name
                                                            • D. Orders
                                                            • E. Cost Scenario
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: B  🗳️

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

                                                            Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

                                                            • A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
                                                            • B. Copy and rename predefined subledger journal entry rule sets before modifying them.
                                                            • C. Use a different journal entry rule set for each ledger with a different accounting convention.
                                                            • D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
                                                            • E. Journal entry rule sets do not require accounting rules.
                                                            Reveal Solution  Discussion  0

                                                            Correct Answer: A,D  🗳️

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

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

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

                                                            Correct Answer: D  🗳️

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

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