Oracle 1Z0-1074-26 : Oracle Cost Management Cloud 2026 Implementation Professional

Exam Code: 1Z0-1074-26
Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
Updated: Sep 30, 2026
Q & A: 82 Questions and Answers

About Oracle 1Z0-1074-26 Exam Questions

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Weight	Objectives
Standard Cost Management	15%	- Define and maintain standard costs 1. Update and publish standard costs 2. Create cost scenarios - Analyze standard cost variances 1. Usage and rate variances 2. Purchase price variance
Security and Inventory Configuration	5%	- Configure inventory costing parameters 1. Item cost attributes 2. Organization costing options - Set up access control 1. Define roles and data security
Cost Accounting	25%	- Process and analyze costs 1. Period-end valuation and close 2. Run cost processor 3. Review cost distributions - Set up Cost Accounting 1. Set up cost profiles 2. Define cost methods 3. Configure cost components and elements
Landed Cost Management	15%	- 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
Subledger Accounting	10%	- Review accounting entries 1. Transfer to General Ledger 2. Validate subledger journals - Configure accounting rules 1. Account derivation rules 2. Journal line definitions
Receipt Accounting	20%	- Configure Receipt Accounting 1. Receipt accrual process 2. Accrue at period end - Manage Receipt Accounting transactions 1. Run period-end close 2. Analyze and reconcile accruals
Supply Chain Financial Orchestration	10%	- Set up orchestration flows 1. Configure financial rules 2. Define business events - Monitor and troubleshoot flows 1. Track transaction status 2. Resolve exceptions

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. The liability for a consigned item occurs when there is an ownership event.
B. There is no difference between owned inventory and consigned inventory.
C. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
D. The quantity is tracked in inventory but not as an asset until there is an ownership event
E. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Reveal Solution Discussion 0

Correct Answer: A,B,C,F 🗳️