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Oracle Cost Management Cloud 2024 Implementation Professional (1Z0-1074-24)

ORACLE Question & Answer
SAP

Last Updated

05 June 2026

Rating

4.7 (2160)

Exam Code: 1Z0-1074-24
Exam Name: Oracle Cost Management Cloud 2024 Implementation Professional

Passing Score: 68%
Duration: 90 Minute

ALL ITprep Provides 100% Valid ORACLE Exam Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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  • Total Questions in Exams: 50
  • Total Questions in Dumps: 50

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Course Description
Exam topics covered

Managerial Accounting Overview

  • Explain cost accounting and its integration with other modules
  • Describe the purpose of cost accounting, receipt accounting, and landed cost
  • Explain key implementation decision points

Configuring Receipt Accounting

  • Describe the Receipt Accounting Work Area
  • Explain Receipt Accounting
  • Configure Accrue at period end
  • Set up and manage the Receipt Accounting processes
  • Manage daily Receipt Accounting tasks

Configuring Cost Accounting

  • Describe the Cost Accounting Work Area
  • Explain Cost Accounting
  • Configure costing methods like Standard, Perpetual, Actual, and Periodic Average Cost
  • Configure Cost Accounting Key setups
  • Explain the role of Costing Key setups and Cost policies
  • Set up and manage Cost Accounting processes and Reporting
  • Manage Daily Cost Accounting tasks

Managing Standard Costs

  • Manage the various cost scenarios
  • Create standard costs, resource rates, and overhead rates
  • Manage rolled up Costs
  • Analyze and resolve Standard Cost variances

Configuring and Managing Landed Cost

  • Describe the Landed Cost Work Area
  • Explain Landed Cost
  • Manage landed cost
  • Manage charge names, reference types and routes

Defining Subledger Accounting

  • Explain receipt and cost accounting subledger
  • Create Account Rules
  • Create Journal Line Rules
  • Create subledger journal entry rule set
  • Create an accounting method
  • Explain the relationships of subledger components
  • Analyze and resolve errors and exceptions

Costing and Inventory Foundations

  • Explain the common inventory configurations

Managing Projects Enabled Supply Chain

  • Explain common projects enabled SCM configurations
  • Manage project enabled work orders
Exam topics covered

Managerial Accounting Overview

  • Explain cost accounting and its integration with other modules
  • Describe the purpose of cost accounting, receipt accounting, and landed cost
  • Explain key implementation decision points

Configuring Receipt Accounting

  • Describe the Receipt Accounting Work Area
  • Explain Receipt Accounting
  • Configure Accrue at period end
  • Set up and manage the Receipt Accounting processes
  • Manage daily Receipt Accounting tasks

Configuring Cost Accounting

  • Describe the Cost Accounting Work Area
  • Explain Cost Accounting
  • Configure costing methods like Standard, Perpetual, Actual, and Periodic Average Cost
  • Configure Cost Accounting Key setups
  • Explain the role of Costing Key setups and Cost policies
  • Set up and manage Cost Accounting processes and Reporting
  • Manage Daily Cost Accounting tasks

Managing Standard Costs

  • Manage the various cost scenarios
  • Create standard costs, resource rates, and overhead rates
  • Manage rolled up Costs
  • Analyze and resolve Standard Cost variances

Configuring and Managing Landed Cost

  • Describe the Landed Cost Work Area
  • Explain Landed Cost
  • Manage landed cost
  • Manage charge names, reference types and routes

Defining Subledger Accounting

  • Explain receipt and cost accounting subledger
  • Create Account Rules
  • Create Journal Line Rules
  • Create subledger journal entry rule set
  • Create an accounting method
  • Explain the relationships of subledger components
  • Analyze and resolve errors and exceptions

Costing and Inventory Foundations

  • Explain the common inventory configurations

Managing Projects Enabled Supply Chain

  • Explain common projects enabled SCM configurations
  • Manage project enabled work orders

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8 reviews for Oracle Cost Management Cloud 2024 Implementation Professional

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    Yash

    December 23, 2024 at 12:11 pm

    These practice questions are a game changer. They’re realistic, detailed, and ensure you’re fully prepared for the exam.

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    Raghav

    December 12, 2024 at 01:58 pm

    These practice questions were tailored to match the 1Z0-1074-24 exam format, leaving no surprises.

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    Adriel

    December 06, 2024 at 01:26 pm

    I highly recommend these practice questions! They were well-organized, detailed, and made studying for the exam much easier.

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