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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Real Exam Qty: | 55-60 |
| Passing Score: | 62% |
| Exam Price: | USD 245 |
| Available Languages: | English, Brazilian Portuguese, Korean, Simplified Chinese, Spanish, Japanese |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | 18 months from certification date |
| Related Certifications: | Oracle Cost Management Cloud 2022 Implementation Professional Oracle Cost Management Cloud 2021 Implementation Essentials |
| Exam Format: | Multiple Answer, Multiple Choice |
| Recommended Training: | Oracle Cost Management Cloud: Implement Cost Accounting Oracle Supply Chain Management Cloud Learning Subscription |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored (OnVUE) or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1074-20/pexam_1Z0-1074-20 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Subledger Accounting | 15% | - Creating Subledger Journal Entries - Account Rules and Mapping Sets - Accounting Methods - Journal Line Rules |
| Topic 2: Introduction to Cost Accounting | 20% | - Overview of Cost Accounting - Integration with other Oracle Cloud Modules - Key Implementation Decisions |
| Topic 3: Cost Analysis and Reporting | 5% | - Rolled-up Costs and Cost Scenarios - Cost Accounting Work Area - Period Close and Reporting |
| Topic 4: Receipt Accounting | 20% | - Analyzing and Reconciling Receipt Balances - Receipt Accounting Setup - Accrue at Period End - Overview of Receipt Accounting |
| Topic 5: Landed Cost Management | 15% | - Landed Cost Concepts - Landed Cost Setup - Managing Landed Cost Charges |
| Topic 6: Configuring Cost Accounting | 25% | - Quick Setup and Manual Setup - Cost Profiles and Cost Methods - Cost Organization and Books - Cost Elements and Cost Component Groups |
Oracle Cost Management Cloud 2020 Implementation Essentials is an official Oracle exam, catalogued under the code 1z0-1074-20. A pass awards you the Oracle Cost Management Cloud 2020 Certified Implementation Specialist certification at the Specialist level. It also supports progress toward Oracle Cost Management Cloud 2021 Implementation Essentials, Oracle Cost Management Cloud 2022 Implementation Professional. Demand for this credential has stayed strong because it validates skills employers can use from day one.
The Oracle Cost Management Cloud 2020 Implementation Essentials exam packs 55-60 questions into 90 minutes. Candidates rarely fail because of one impossible topic; they fail because ten minutes vanished on three stubborn questions. Build a triage habit now: answer, flag, move on, return later. Timed full-length sessions in the ValidDumps test engine are the most honest way to practice that discipline before it counts.
You pass Oracle Cost Management Cloud 2020 Implementation Essentials at 62%, and the official registration fee stands at USD 245. One detail worth internalizing: there is no retake discount, so a second sitting costs another full USD 245. Use the ValidDumps practice tests as your gauge and book only when your results clear the requirement with a repeatable margin, not a one-off peak.
No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge
Vendor policies shift over time, so confirm the current entry conditions before paying any registration fee; the official exam page is the authoritative source.
You can sign up for Oracle Cost Management Cloud 2020 Implementation Essentials through the official registration points listed here.
Regarding format, the exam is delivered Online proctored (OnVUE) or Onsite at Pearson VUE test centers.
Oracle recommends the following training for Oracle Cost Management Cloud 2020 Implementation Essentials candidates.
Course content builds understanding, but the exam grades answers. Bridge the two with the 80 practice questions in the ValidDumps 1z0-1074-20 package, and the theory starts converting into points.
Yes. A free demo of the Oracle Cost Management Cloud 2020 Implementation Essentials material is available on this page, so you can verify the quality of the questions and the expert-edited answers yourself. Once you purchase, updates are free for 365 days and the newest version is emailed to you automatically as it releases; after expiry, extending the update service costs 50% of the regular price.
A 100% money-back guarantee covers your purchase under defined conditions. If you take the Oracle Cost Management Cloud 2020 Implementation Essentials exam within 60 days of buying and fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders, and the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, you may exchange rather than refund: two other exam products of equal value, free, with the update service on your original purchase kept intact.
Delivery is instant: files unlock for download upon successful payment and are automatically emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact us by email or online service. Installation is unlimited across your computers.
Oracle Cost Management Cloud 2020 Implementation Essentials spans 6 official domains. The most heavily weighted include Landed Cost Management (15%), Cost Analysis and Reporting (5%), and Receipt Accounting (20%). The full topic list is published above on this page; let the weightings decide where your next study hour goes.
Question 1
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
A. Charge Names
B. PreReference Types
C. Routes
D. Material Receipts
E. Trade Operation Template
Question 2
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 3
Identify four characteristics of a cost element.
A. It is user-defined.
B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
C. It is the granularity at which costs are tracked and accounted.
D. It uses date effectivity.
E. The mapping of cost components into cost elements is user-defined.
F. Users can define any number of cost elements.
Question 4
You can track costs at what granularity level in Cost Accounting for the actual costing method?
A. Subinventory. Lot, Serial, Grade
B. Grade, Serial, Group, Lot
C. Subinventory, Make, Lot, Serial
D. Subinventory, Lot, Serial, Locator
E. Grade, Subinventory, Locator, Serial
Question 5
Identify three characteristics of cost component to cost element mapping.
A. It is user-defined.
B. It is one of the attributes you define as part of your cost profile definitions.
C. You can only define one cost component to cost element mapping for an installation.
D. You cannot modify, duplicate, or create user-defined cost components.
E. It lets you define how cost component level costs will map into cost elements.
Solutions:
| Question 1 Answer: B | Question 2 Answer: A,C | Question 3 Answer: A,B,D,E | Question 4 Answer: A | Question 5 Answer: A,B,E |
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