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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Standard Cost Management | 15% | - Analyze standard cost variances
|
| Topic 2: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
|
| Topic 3: Subledger Accounting | 10% | - Review accounting entries
|
| Topic 4: Security and Inventory Configuration | 5% | - Set up access control
|
| Topic 5: Receipt Accounting | 20% | - Manage Receipt Accounting transactions
|
| Topic 6: Landed Cost Management | 15% | - Configure Landed Cost
|
| Topic 7: Cost Accounting | 25% | - Process and analyze costs
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. Identify two characteristics of a cost profile.
A) It is where you define your Cost Accounting policies.
B) It is used for Receipt Accounting.
C) It is used for calculating the estimated cost of manufactured items under different scenarios.
D) It is where you define which cost method you want to use for the cost component to cost element mapping.
2. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Accounts Payable role for the correct inventory organization.
C) Create Data Access on the Accounts Payable role for the correct cost organization.
D) Create Data Access on the Cost Accountant role for the correct cost organization.
3. Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
A) Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
B) Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
C) Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
D) Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
E) Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
4. You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
A) The application will generate an error because there are two work definitions for the same item.
B) The cost planning scenario will use both work definitions for the item.
C) The application will use the work definition that is named Plan B.
D) The scenario will choose the work definition that is production priority 1.
E) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
5. Identify the four types of cost adjustments.
A) Authorized users can manually create cost adjustments.
B) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
C) A standard cost update will create an inventory value adjustment.
D) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
E) A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A,B,C,D |



