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Oracle 1z0-1074-22 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2022 Implementation Professional |
| Exam Number: | 1Z0-1074-22 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | N/A |
| Related Certifications: | Oracle Manufacturing Cloud 2022 Implementation Professional Oracle Inventory Cloud 2022 Implementation Professional Oracle Order Management Cloud 2022 Implementation Professional |
| Exam Price: | USD 245 (approximate) |
| Real Exam Qty: | 55 |
| Passing Score: | 62% |
| Exam Format: | Multiple choice |
| Available Languages: | English |
| Sample Questions: |  |
| Exam Way: | Pearson VUE online/onsite testing |
| Pre Condition: | None officially required, but recommended experience with Oracle Cloud ERP and cost management processes. |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2022-implementation-professional/pexam_1Z0-1074-22 |
Oracle 1z0-1074-22 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Standard Costs | - Analyze and resolve standard cost variances - Create standard costs, resource rates, and overhead rates - Manage cost scenarios |
| Topic 2: Landed Cost Management | - Configure landed cost management components - Describe Landed Cost work area |
| Topic 3: Costing & Inventory Foundations | - Explain common inventory configurations |
| Topic 4: Cost Accounting | - Manage daily Cost Accounting tasks - Create Cost Accounting Key setups and policies - Perform Cost Accounting processes & reporting - Configure costing methods (Standard, Perpetual, Actual) |
| Topic 5: Subledger Accounting | - Create subledger journal entry rule sets - Define accounting methods and rules |
| Topic 6: Receipt Accounting | - Manage daily Receipt Accounting tasks - Receipt Accounting Work Area - Configure Accrue at period end |
| Topic 7: Managerial Accounting Overview | - Explain Cost Accounting and its integration with other modules - Describe purpose of Cost Accounting, Receipt Accounting, and Landed Cost |
| Topic 8: Project Enabled Supply Chain | - Explain projects enabled SCM configurations - Manage project enabled work orders |
1z0-1074-22 Exam FAQ: Before You Book Your Seat
Oracle Cost Management Cloud 2022 Implementation Professional is an official Oracle exam, listed under exam code 1z0-1074-22. A passing result earns you the Cost Management Cloud certification at the Professional level. It also ties into Oracle Inventory Cloud 2022 Implementation Professional, Oracle Order Management Cloud 2022 Implementation Professional, Oracle Manufacturing Cloud 2022 Implementation Professional, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55 questions inside 90 minutes on the Oracle Cost Management Cloud 2022 Implementation Professional exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Cost Management Cloud 2022 Implementation Professional requires 62%, and the official registration fee is USD 245 (approximate). Retakes charge the full USD 245 (approximate) again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
None officially required, but recommended experience with Oracle Cloud ERP and cost management processes.
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Yes. ActualPDF provides a free download demo of the Oracle Cost Management Cloud 2022 Implementation Professional material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Cost Management Cloud 2022 Implementation Professional exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The Oracle Cost Management Cloud 2022 Implementation Professional syllabus spans 8 domains, led by Receipt Accounting, Project Enabled Supply Chain, and Subledger Accounting. The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Cost Management Cloud 2022 Implementation Professional Sample Questions:
Question 1
Identify two purposes of Subledger Accounting.
A. to maintain backward compatibility
B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
C. to calculate costs for transactions
D. to centralize accounting string generation across all modules
E. to create accounting strings that can be viewedand corrected just before they are transferred to the General Ledger
Question 2
Identify two ways that standard cost is calculated.
A. The cost of a configured item is calculated based on the work definition of the model item.
B. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
C. Users must manually enter the cost of each configured item; the calculation is not automated.
D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
E. The standard cost is the sum of the cost of the selected option items.
Question 3
A manager has decided to closethe period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
A. Never Opened
B. Close Pending
C. Closed
D. Open
E. Permanently Closed
Question 4
When should both the Root Work Order and Root Work Order Line Item fields be added to page layouts?
A. When a service process dictates that there are more than two levels in a Work Order Hierarchy and more than a single level in the Work Order Line Hierarchy.
B. When a service process dictates that there are two levels in a Work Order Hierarchy and two levels in the Work Order Line Hierarchy. (Parent Work Order can be used)
C. When a service process dictates that there is a single level in a Work Order Hierarchy and more than two levels in the Work Order Line Hierarchy.
D. When a service process dictates that there are more than two levels in a Work Order Hierarchy and more than two levels in the Work Order Line Hierarchy.
Question 5
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 cost 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 inventory organization.
D. Create Data Access on the Accounts Payable role for the correct cost organization.
Solutions:
| Question 1 Answer: C,E | Question 2 Answer: D,E | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: D |
