Exam Name: Oracle Cost Management Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Updated: Oct 19, 2026
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Hearing about the 1z0-1074-20 exam may not move you until the day you decide to take it. Then the scale of the syllabus can feel intimidating. PremiumVCEDump breaks that down into 80 practice questions for Oracle Cost Management Cloud 2020 Implementation Essentials, one manageable session at a time.
Oracle 1z0-1074-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Related Certifications: | Oracle Financials Cloud Oracle Supply Chain Management Cloud Oracle Cloud ERP |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Typically 18 months to 2 years (Oracle policy varies by certification track) |
| Exam Price: | USD 245 (varies by region) |
| Real Exam Qty: | 60-70 (approx.) |
| Available Languages: | English |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| 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 | - Cost accounting methods - Inventory valuation and costing methods |
| Topic 2: Integration with Oracle Cloud Applications | - Integration with Oracle Financials Cloud - Integration with Supply Chain Management Cloud |
| Topic 3: Cost Planning and Control | - Cost planning and budgeting concepts - Cost control and analysis |
| Topic 4: Cost Management Cloud Setup and Configuration | - Enterprise structures and setup prerequisites - Cost organization and cost profiles configuration |
| Topic 5: Cost Analysis and Reporting | - Cost analysis reports and dashboards - Cost reconciliation and audit processes |
1z0-1074-20 Exam FAQs for Candidates
- Cost Planning and Control ()
- Cost Management Cloud Setup and Configuration ()
- Integration with Oracle Cloud Applications ()
Use the weights to plan how much time each topic deserves.
Recommended: familiarity with Oracle Cloud ERP fundamentals and supply chain or financial processes
Buying the Oracle Cost Management Cloud 2020 Implementation Essentials material ahead of your exam date gives you room to study calmly and to work through several refreshed versions of the question bank as updates arrive. Early preparation turns revision into a routine instead of a last-minute rush.
The 1z0-1074-20 exam contains 60-70 (approx.) questions with a 90 minutes-minute limit. Practicing under identical conditions on the PremiumVCEDump engine makes time pressure feel familiar rather than frightening.
Oracle University Training: Visit official page
Oracle Certification Registration: register for 1z0-1074-20
Our professionals monitor the latest IT developments and adjust the material as soon as the exam outline shifts. New questions with verified answers are added, old and irrelevant ones are removed, and the size of the Oracle Cost Management Cloud 2020 Implementation Essentials bank is matched to actual exam conditions so your revision stays efficient.
This package includes 80 practice questions for the 1z0-1074-20 exam, sized to reflect the real test and kept current through regular review.
Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:
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 area would you select to create this report?
- A. Receipt Accounting-- Receipt Accounting Transactions Real Time
- B. Financials-Subledger Accounting-Detail Transactions
- C. Costing -Receipt Accounting Real Time
- D. Costing-Cost Accounting Real Time
- E. Receipt Accounting- Receipt Accounting Distributions Real Time
Correct Answer: B 🗳️
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 distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- B. Review their audit receipt accrual clearing balances.
- C. Review their Receipt Accounting processes that show whether any processes failed and why.
- D. 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.
- E. Review their accrual balances and clear them.
Correct Answer: D,E 🗳️
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- C. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- D. They must create their valuation units manually.
Correct Answer: A 🗳️
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of resources consumed at the OEM's factory
- B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- D. The cost of the contract manufacturing service Item. This is the price that the contract
- E. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
Correct Answer: B,E 🗳️
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An alternate account will be used if provided.
- B. Suspense accounts cannot be used.
- C. An error will always occur.
- D. The preprocessor will pre-warn about this error.
- E. The original account is stored on the journal line.
Correct Answer: A,E 🗳️
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