Choosing where to prepare for the 1Z1-1074 exam is easier when you can test the tools first. ExamTorrent offers a free demo of the Oracle Cost Management Cloud 2019 Implementation Essentials materials, including a look at the online engine that tracks your weak spots — 80+ Q&As are waiting once you are satisfied.
Oracle 1Z1-1074 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Accounting Setup | - Cost Elements and Components - Valuation Structures and Profiles - Cost Accounting Key Setups |
| Reporting and Analytics | - Costing Reports - Inventory and Cost Analytics |
| Landed Cost Management | - Manage Landed Cost Reference Types and Routes - Configure Landed Cost Management |
| Standard and Actual Costing | - Analyze and Resolve Standard Cost Variances - Create Standard Costs, Resource & Overhead Rates |
| Subledger and Journal Accounting | - Subledger Accounting Integration - Create Journal Line Rules and Accounting Methods |
| Understanding Oracle Cost Management Cloud | - Costing Methods and Policies - Overview of Cost Management Cloud |
| Receipt Accounting | - Managing Receipt Accounting Transactions - Accrue On Receipt and Period End - Configuring Receipt Accounting |
1Z1-1074 Exam Questions Answered: Format, Topics, and Prep
The 1Z1-1074 exam is the official assessment for the Oracle Cost Management Cloud 2019 Implementation Essentials certification offered by Oracle. It checks whether you can apply the knowledge areas in the exam objectives to practical situations, and passing it earns a credential that employers across the industry recognize. For professionals who feel stuck in their current role, it is often the most concrete next step available.
Recommended hands-on experience with Oracle Cost Management Cloud and foundational training; no mandatory prerequisite exam.
The official outline for the 1Z1-1074 exam highlights these domains:
- Landed Cost Management ()
- Understanding Oracle Cost Management Cloud ()
- Cost Accounting Setup ()
Weighting your study time toward the heavier domains first is a sensible strategy, and the Oracle Cost Management Cloud 2019 Implementation Essentials practice questions at ExamTorrent follow the same objective structure.
The 1Z1-1074 exam gives you 105 minutes minutes to answer 70 questions. That pace leaves little room for hesitation, which is why rehearsing under a timer — for example with the online test engine at ExamTorrent, where you can set the session length just like the real test — is such a useful habit.
The online test engine is exclusive to ExamTorrent and runs on any electronic device — phone, tablet, or computer — with no installation barriers. It recreates the atmosphere of the real 1Z1-1074 exam: you set the test time the way it will be on exam day, work through the Oracle Cost Management Cloud 2019 Implementation Essentials practice questions under that pressure, and at the end the engine marks the questions you got wrong and reminds you to practice them again next time. Over a few sessions, that loop turns weak areas into reliable ones.
To pass the 1Z1-1074 exam you need a score of 70%, and the registration fee is USD 245 (approx). Since each attempt costs the full fee, arriving over-prepared is cheaper than arriving under-prepared — timed mock sessions and repeated review of missed questions are the usual ways candidates close that gap.
Right after payment you get instant access to the 1Z1-1074 exam product — 80 practice questions for the Oracle Cost Management Cloud 2019 Implementation Essentials exam with expert-verified answers — and the download link is also emailed to you automatically, typically within a minute. Your purchase includes 365 days of free updates; our team checks for exam changes daily, and when a new version is released the system sends it straight to your mailbox. A 50% renewal discount applies if you extend updates beyond the first year, and payment by Credit Card is handled through a secure checkout.
Oracle Cost Management Cloud 2019 Implementation Essentials Sample Questions:
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 is only used when you do not need to maintain an arm's length relationship.
- 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 the same business unit.
- C. It can help you with consolidated financial reporting.
- D. It can help you understand true margins and value added by internal business units through the internal supply chain.
- 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 different business units.
Correct Answer: B,C,E 🗳️
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Expense Accrual Event Type: Period End Accrual
- B. Event Class: Expense Accrual Event Type: Expense Accrual
- C. Event Class:Purchase Order Price Adjustment Event Type: Period End Accrual
- D. Event Class: Period End Accrual Event Type: Period End Accrual
- E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
Correct Answer: D 🗳️
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject areawould you select to create this report?
- A. Costing-Cost Accounting Real Time
- B. Costing -Receipt Accounting Real Time
- C. Financials-Subledger Accounting-DetailTransactions
- D. Receipt Accounting-- Receipt Accounting Transactions Real Time
- E. Receipt Accounting- Receipt Accounting Distributions Real Time
Correct Answer: C 🗳️
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Product Model
- B. Landed Cost Management
- C. Cost Accounting
- D. Inventory Management
- E. Receipt Accounting
Correct Answer: D 🗳️
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
- A. Rule sets that have a mapping set to convert the accounts
- B. Rule sets assigned to a secondary ledger with a different COA
- C. Rule sets not associated with any chart of accounts
- D. Rule sets that use the same chart of accounts
- E. Rule sets where the accounting rules override the method rule set
Correct Answer: B,E 🗳️
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