Failing the 1Z0-1074 exam means paying the full registration fee again. A focused run through the 80 Oracle Cost Management Cloud 2019 Implementation Essentials practice questions at Actual4Exams is a far cheaper way to walk into the testing center prepared.
Oracle 1Z0-1074 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2019 Implementation Essentials |
| Exam Number: | 1Z0-1074 |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Cost Management Cloud Implementation Specialist |
| Exam Price: | USD 245 |
| Real Exam Qty: | 55-60 |
| Passing Score: | 64% |
| Available Languages: | English |
| Recommended Training: | Oracle Learning Subscriptions Oracle Cost Management Cloud Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE authorized test centers |
| Pre Condition: | No mandatory prerequisites recommended; hands-on experience with Oracle SCM Cloud and Cost Management preferred |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2019-implementation-essentials/pexam_1Z0-1074 |
Oracle 1Z0-1074 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting | 20% | - Cost accounting reporting - Configure costing methods: Standard, Perpetual, Actual - Cost Accounting work area - Run and manage cost accounting processes - Costing key setups and cost policies |
| Topic 2: Standard Costs | 15% | - Manage rolled-up costs - Manage cost scenarios - Analyze and resolve standard cost variances - Create standard costs, resource rates, and overhead rates |
| Topic 3: Managerial Accounting Overview | 15% | - Integration with other Oracle Cloud modules - Key implementation decision points - Purpose of cost accounting, receipt accounting, and landed cost |
| Topic 4: Costing and Inventory Foundations | 5% | - Common inventory configurations for costing - Cost organization and cost books setup |
| Topic 5: Receipt Accounting | 15% | - Perform receipt accounting processes - Configure Accrue on Receipt and Accrue at Period End - Receipt accounting reporting - Receipt Accounting work area |
| Topic 6: Project Enabled Supply Chain | 5% | - Integrate project costing with inventory - Setup project-driven supply chain |
| Topic 7: Landed Cost | 10% | - Landed Cost work area - Manage landed cost processes - Define charge names, reference types, and routes |
| Topic 8: Subledger Accounting | 15% | - Cost accounting and receipt accounting subledger components - Create account rules and journal line rules - Build journal entry rule sets and accounting methods - Analyze and resolve accounting errors/exceptions |
1Z0-1074 Exam FAQ: What Candidates Ask About Oracle Cost Management Cloud 2019 Implementation Essentials
The 1Z0-1074 exam, officially known as Oracle Cost Management Cloud 2019 Implementation Essentials, is the Oracle test that leads to the Oracle Cost Management Cloud 2019 Certified Implementation Specialist certification at the Specialist level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Cost Management Cloud Implementation Specialist.
The 1Z0-1074 exam contains 55-60 questions, and you have 90 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the 1Z0-1074 exam is 64%, and the official registration fee is USD 245. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
No mandatory prerequisites recommended; hands-on experience with Oracle SCM Cloud and Cost Management preferred
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com/oracle-cost-management-cloud-2019-implementation-essentials/pexam_1Z0-1074.
You can book the 1Z0-1074 exam through the official registration channels below:
Exam delivery: Online proctored or onsite at Pearson VUE authorized test centers. Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
Oracle recommends the following training options for Oracle Cost Management Cloud 2019 Implementation Essentials candidates:
Pair any course with the 80 practice questions from Actual4Exams to measure how ready you really are before paying the exam fee.
Yes. A free PDF demo of the Oracle Cost Management Cloud 2019 Implementation Essentials questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 1Z0-1074 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official Oracle Cost Management Cloud 2019 Implementation Essentials outline is organized into 8 domains. The first three are:
- Managerial Accounting Overview — 15% of the exam
- Receipt Accounting — 15% of the exam
- Costing and Inventory Foundations — 5% of the exam
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Cost Management Cloud 2019 Implementation Essentials Sample Questions:
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. 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.
- B. 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.
- C. It only affects whether or not you can process a cost adjustment.
- D. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.
Correct Answer: D 🗳️
Which four steps need to be completed to establish standard costs for a make item?
- A. Export item costs.
- B. Publish costs
- C. Add standard costs to a cost scenario.
- D. Run preprocessor.
- E. Create a new cost scenario.
- F. Complete cost roll-up.
Correct Answer: A,B,D,F 🗳️
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- B. There is no difference between owned inventory and consigned inventory.
- C. The quantity is tracked in inventory but not as an asset until there is an ownership event
- D. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- E. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- F. The liability for a consigned item occurs when there is an ownership event.
Correct Answer: B,D,E,F 🗳️
Your client wants to set up some of their items as expenseitems and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End.
- B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- E. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No".
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Correct Answer: A,B 🗳️
Which two steps need to be completed to estimate landed costs?
- A. Allocate charges
- B. Update standard costs.
- C. Transfer transactions from the Payables to the Costing process.
- D. Prepare the Material Purchase Order Data process.
- E. Transfer transactions from the Inventory to the Costing process.
Correct Answer: A,B 🗳️
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