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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Exam Format: | Multiple Answer, Multiple Choice |
| Related Certifications: | Oracle Cost Management Cloud 2020 Certified Implementation Specialist |
| Passing Score: | 65% |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 55-60 |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Oracle certification policies apply; no fixed expiration publicly specified for this credential version |
| Available Languages: | English |
| Sample Questions: | ![]() |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam where available. |
| Pre Condition: | No mandatory prerequisite exam required. Oracle recommends experience with Oracle SCM Cloud and Cost Management implementations. |
| Official Syllabus URL: | https://www.oracle.com/education/certification/ |
| Section | Objectives |
|---|---|
| Topic 1: Costing and Inventory Foundations | - Inventory Cost Structure
|
| Topic 2: Configuring Cost Accounting | - Cost Accounting Configuration
|
| Topic 3: Managerial Accounting Overview | - Cost Management Fundamentals
|
| Topic 4: Defining Subledger Accounting | - Accounting Rules Configuration
|
| Topic 5: Configuring and Managing Landed Cost | - Landed Cost Management
|
| Topic 6: Managing Standard Costs | - Standard Cost Management
|
| Topic 7: Managing Projects Enabled Supply Chain | - Project-Driven Supply Chain
|
| Topic 8: Configuring Receipt Accounting | - Receipt Accounting Setup
|
Oracle Cost Management Cloud 2020 Implementation Essentials is an official Oracle certification exam, listed under the code 1z0-1074-20. Clearing it earns the Cost Management Cloud certification, a Implementation Specialist-level credential. It also ties into Oracle Cost Management Cloud 2020 Certified Implementation Specialist, which makes it a useful anchor for a longer certification plan. For employers, the value is simple: the vendor itself has verified what you know.
You will work through 55-60 questions in 90 minutes on the Oracle Cost Management Cloud 2020 Implementation Essentials exam. The content is only half the battle; the clock is the other half. Train both at once: set the ValidDumps test engine to full timed mode, practice skipping and returning to stubborn items, and repeat until finishing with minutes to spare feels normal rather than lucky.
Passing Oracle Cost Management Cloud 2020 Implementation Essentials requires 65%, and the official registration fee is USD 245. Remember that a retake bills the same USD 245 all over again, so winging it is the most expensive strategy on the table. A better approach: benchmark yourself with the ValidDumps practice tests first, and schedule the real exam only once your scores sit comfortably and consistently above the requirement.
No mandatory prerequisite exam required. Oracle recommends experience with Oracle SCM Cloud and Cost Management implementations.
Requirements do evolve, so before you spend a registration fee, verify the current conditions on the official exam page.
Yes. The free demo on this page contains a portion of the complete Oracle Cost Management Cloud 2020 Implementation Essentials question set, enough to judge the accuracy and the clarity of the explanations for yourself. After purchase, updates are free for 365 days, and once your product expires you can extend the update service at a 50% discount.
ValidDumps provides a 100% money-back guarantee with clearly stated conditions. Take the Oracle Cost Management Cloud 2020 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, as long as the exam matches your product. Exams taken within 3 days of purchase are not eligible, and neither are products that were downloaded but never used, free materials, or expired orders; the candidate name must match the payer name. File the claim with a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and it is processed within 7 days. If you would rather exchange than refund, you can receive two other exam products of equal value free of charge and keep the update service on your original purchase.
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The official Oracle Cost Management Cloud 2020 Implementation Essentials syllabus comprises 8 domains. The heaviest hitters are Defining Subledger Accounting, Managing Projects Enabled Supply Chain, and Managing Standard Costs. The complete outline sits above on this page; walk it top to bottom and mark every line you could not teach to someone else.
Question 1
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
A. Debit Expense, Credit Receiving Inspection
B. Debit Accrued Liability, Credit Accounts Payable
C. Debit Expense, Credit Expense Accrual
D. Debit Charge Account (expense or inventory), Credit Receiving Inspection
E. Debit Receiving Inspection, Credit Accrued Liability
Question 2
How is the standard cost of a manufactured configured item calculated?
A. The standard cost of a model item is calculated.
B. It is based on the actual cost of the work order after it is completed.
C. It is based on the material and resource requirements of a released work order.
D. The standard cost is calculated for every possible combination of options under a model
Question 3
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
A. Line Type must be set to Freight.
B. Account Class must be set to Freight.
C. Create a condition for a journal line for freight.
D. Sub ledger accounting is set up to accomplish this out-of-the-box.
Question 4
Which two steps need to be completed to estimate landed costs?
A. Update standard costs.
B. Prepare the Material Purchase Order Data process.
C. Allocate charges
D. Transfer transactions from the Inventory to the Costing process.
E. Transfer transactions from the Payables to the Costing process.
Question 5
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
A. Item Catalog/Inventory Organization/Business Unit
B. Item/Business Unit/Route
C. Inventory Organization/Landed Cost Charge/Third Party Supplier
D. Business Unit/Landed Cost Charge/Cost Organization
E. Item Category/Material Supplier/Landed Cost Charge
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: A,B | Question 4 Answer: A,C | Question 5 Answer: A |
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