Short on study time before your 1z0-1074-20 exam? The 80 practice questions from Actual4Exams focus on the objectives that matter most in the Oracle Cost Management Cloud 2020 Implementation Essentials test, so every review session counts. Download the PDF and turn spare minutes into real progress.
Oracle 1z0-1074-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Exam Price: | USD 245 (varies by region) |
| Real Exam Qty: | 60-70 (approx.) |
| Available Languages: | English |
| Certificate Validity Period: | Typically 18 months to 2 years (Oracle policy varies by certification track) |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud Oracle Cloud ERP Oracle Supply Chain Management Cloud |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam via Oracle Certification / testing provider |
| Pre Condition: | Recommended: familiarity with Oracle Cloud ERP fundamentals and supply chain or financial processes |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Inventory Valuation | - Inventory valuation and costing methods - Cost accounting methods |
| Topic 2: Cost Planning and Control | - Cost control and analysis - Cost planning and budgeting concepts |
| Topic 3: Cost Analysis and Reporting | - Cost reconciliation and audit processes - Cost analysis reports and dashboards |
| Topic 4: Integration with Oracle Cloud Applications | - Integration with Oracle Financials Cloud - Integration with Supply Chain Management Cloud |
| Topic 5: Cost Management Cloud Setup and Configuration | - Enterprise structures and setup prerequisites - Cost organization and cost profiles configuration |
Oracle Cost Management Cloud 2020 Implementation Essentials (1z0-1074-20) — Questions Candidates Actually Ask
The 1z0-1074-20 exam, officially known as Oracle Cost Management Cloud 2020 Implementation Essentials, is the Oracle test that leads to the Oracle Cost Management Cloud 2020 Implementation Essentials certification at the Professional level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Cloud ERP, Oracle Financials Cloud, Oracle Supply Chain Management Cloud.
The 1z0-1074-20 exam contains 60-70 (approx.) 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.
Recommended: familiarity with Oracle Cloud ERP fundamentals and supply chain or financial processes
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com.
You can book the 1z0-1074-20 exam through the official registration channels below:
Exam delivery: Online proctored exam via Oracle Certification / testing provider. 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 2020 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 2020 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 1z0-1074-20 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 2020 Implementation Essentials outline is organized into 5 domains. The first three are:
- Cost Accounting and Inventory Valuation
- Integration with Oracle Cloud Applications
- Cost Analysis and Reporting
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their Receipt Accounting processes that show whether any processes failed and why.
- B. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- C. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- D. Review their accrual balances and clear them.
- E. Review their audit receipt accrual clearing balances.
Correct Answer: B,D 🗳️
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions without alternates
- B. Work definitions with the highest production priority
- C. Work definitions with specific unit numbers
- D. Work definitions with the highest costing priority
- E. Work definitions with the lowest production cost
Correct Answer: C,E 🗳️
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 Cost Accountant role for the correct cost organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
Correct Answer: D 🗳️
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Purchase Variance Summary
- B. Inventory Valuation
- C. Cost Processing
- D. Work Order Costs
- E. Journal Entries
- F. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing
Correct Answer: B,C,F 🗳️
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It can help you understand true margins and value added by internal business units through the internal supply chain.
- B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- C. It is only used when you do not need to maintain an arm's length relationship.
- D. It can help you with consolidated financial reporting.
- E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
Correct Answer: B,D,E 🗳️
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