Reading notes is one thing; sitting a timed exam is another. The ActualCollection test engines recreate the pressure of the real Oracle Cost Management Cloud 2021 Implementation Essentials exam, so the 1Z0-1074-21 testing experience feels familiar long before you book your seat.
Oracle 1Z0-1074-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1074-21 |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Duration: | 105 minutes |
| Real Exam Qty: | 55-75 |
| Available Languages: | English |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Inventory Cloud Oracle SCM Cloud |
| Recommended Training: | Oracle University Cost Management Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: |  |
| Exam Way: | Online proctored or test center delivery via Pearson VUE |
| Pre Condition: | Recommended understanding of Oracle Cloud SCM fundamentals and Inventory Management concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1074-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close Processes | - Cost period close activities - Reconciliation and adjustments |
| Topic 2: Cost Accounting | - Cost accounting distributions - Cost accounting rules and flows - Subledger accounting integration |
| Topic 3: Reporting and Analytics | - OTBI and analysis tools - Cost reporting |
| Topic 4: Cost Management Cloud Setup and Configuration | - Cost components configuration - Cost profiles and valuation structures - Cost organization setup |
| Topic 5: Inventory Costing | - Perpetual costing and valuation - Standard costing - Actual costing methods |
Answers Every 1Z0-1074-21 Candidate Should Read First
The Oracle Cost Management Cloud 2021 Implementation Essentials exam is the official Oracle test registered under exam code 1Z0-1074-21. Passing it earns you the Oracle Cost Management Cloud Implementation Specialist certification, a credential at the Professional level. It is also linked to the related certifications: Oracle SCM Cloud, Oracle Inventory Cloud. Oracle exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The Oracle Cost Management Cloud 2021 Implementation Essentials exam includes 55-75 questions to be completed within 105 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
Recommended understanding of Oracle Cloud SCM fundamentals and Inventory Management concepts.
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Registration for the Oracle Cost Management Cloud 2021 Implementation Essentials exam goes through the official channels below.
As for the delivery format, the exam is taken Online proctored or test center delivery via Pearson VUE.
Oracle points candidates toward the following training options for Oracle Cost Management Cloud 2021 Implementation Essentials.
Course work builds the foundation; question practice makes it stick. The 80 practice questions in the ActualCollection 1Z0-1074-21 package let you rehearse each topic under exam-style pressure before the real thing.
Yes. ActualCollection offers a free PDF demo of the Oracle Cost Management Cloud 2021 Implementation Essentials material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the Oracle Cost Management Cloud 2021 Implementation Essentials exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and 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 may install the software on.
The official Oracle Cost Management Cloud 2021 Implementation Essentials syllabus is organized into 5 domains. Key areas include Cost Management Cloud Setup and Configuration, Reporting and Analytics, and Cost Accounting. The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
Oracle Cost Management Cloud 2021 Implementation Essentials Sample Questions:
Question 1
What are three cost method choices that are available in Cost Accounting?
A. Periodic average cost
B. Perpetual average cost
C. Actual cost (LIFO or Last In First Out)
D. Standard cost
E. Actual cost (FIFO or First In First Out)
F. Period end average cost
Question 2
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A. Uninvoiced Receipt Accrual Report
B. Receipt Accounting Real Time Report
C. Accrual Reconciliation Report
D. Accrual Clearing Report
E. Accrual Supplier Liability Report
Question 3
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
A. Material Receipts
B. Charge Names
C. Routes
D. Trade Operation Template
E. PreReference Types
Question 4
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
A. Copy and rename predefined subledger journal entry rule sets before modifying them.
B. Journal entry rule sets do not require accounting rules.
C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
E. Use a different journal entry rule set for each ledger with a different accounting convention.
Question 5
You can track costs at what granularity level in Cost Accounting for the actual costing method?
A. Grade, Subinventory, Locator, Serial
B. Subinventory, Make, Lot, Serial
C. Subinventory, Lot, Serial, Locator
D. Grade, Serial, Group, Lot
E. Subinventory. Lot, Serial, Grade
Solutions:
| Question 1 Answer: B,C,E | Question 2 Answer: C | Question 3 Answer: E | Question 4 Answer: C | Question 5 Answer: E |
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