Oracle 1z0-1074-20 : Oracle Cost Management Cloud 2020 Implementation Essentials

  • Exam Code: 1z0-1074-20
  • Exam Name: Oracle Cost Management Cloud 2020 Implementation Essentials
  • Updated: Oct 17, 2026

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Oracle 1z0-1074-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Cost Management Cloud 2020 Implementation Essentials
Exam Number:1Z0-1074-20
Available Languages:Japanese, Spanish, Korean, English, Simplified Chinese, Brazilian Portuguese
Certificate Validity Period:18 months from certification date
Exam Format:Multiple Answer, Multiple Choice
Exam Price:USD 245
Passing Score:62%
Related Certifications:Oracle Cost Management Cloud 2022 Implementation Professional
Oracle Cost Management Cloud 2021 Implementation Essentials
Exam Duration:90 minutes
Real Exam Qty:55-60
Recommended Training:Oracle Cost Management Cloud: Implement Cost Accounting
Oracle Supply Chain Management Cloud Learning Subscription
Exam Registration:Pearson VUE
Oracle University
Sample Questions:Free Download 1z0-1074-20 Exam PDF Torrent
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

Oracle 1z0-1074-20 Exam Syllabus Topics:

SectionWeightObjectives
Introduction to Cost Accounting20%- Key Implementation Decisions
- Integration with other Oracle Cloud Modules
- Overview of Cost Accounting
Configuring Cost Accounting25%- Cost Elements and Cost Component Groups
- Cost Organization and Books
- Cost Profiles and Cost Methods
- Quick Setup and Manual Setup
Subledger Accounting15%- Journal Line Rules
- Creating Subledger Journal Entries
- Account Rules and Mapping Sets
- Accounting Methods
Landed Cost Management15%- Landed Cost Concepts
- Managing Landed Cost Charges
- Landed Cost Setup
Receipt Accounting20%- Analyzing and Reconciling Receipt Balances
- Receipt Accounting Setup
- Accrue at Period End
- Overview of Receipt Accounting
Cost Analysis and Reporting5%- Period Close and Reporting
- Cost Accounting Work Area
- Rolled-up Costs and Cost Scenarios

Oracle 1z0-1074-20 Exam: FAQ for Future Passers

Oracle Cost Management Cloud 2020 Implementation Essentials is an official Oracle certification exam, listed under the code 1z0-1074-20. Passing it earns the Oracle Cost Management Cloud 2020 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Cost Management Cloud 2021 Implementation Essentials, Oracle Cost Management Cloud 2022 Implementation Professional. In an era of lifelong learning, this credential is one of the most efficient ways to prove your skills keep pace.

Oracle Cost Management Cloud 2020 Implementation Essentials gives you 55-60 questions across 90 minutes. The efficient approach: one to two hours of daily timed practice in the TorrentVCE engine builds both the knowledge and the pacing, so exam day feels like simply another well-run session.

Passing Oracle Cost Management Cloud 2020 Implementation Essentials takes 62%, and the official registration fee is USD 245. Retakes cost the full USD 245 again, so treat your TorrentVCE practice scores as the decision-maker: book when the passing line sits below your everyday results, not your best ones.

The Oracle Cost Management Cloud 2020 Implementation Essentials syllabus is organized into 6 domains, led by Configuring Cost Accounting (25%), Receipt Accounting (20%), and Subledger Accounting (15%). The complete breakdown is above on this page; it is the fastest way to learn where your limited preparation hours belong.

No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge

Vendor policies are revised periodically, so verify the current requirements before registering via the official exam page.

Registration for Oracle Cost Management Cloud 2020 Implementation Essentials goes through the official channels below.

For planning: 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.

Follow any training with daily practice on the 80 questions in the TorrentVCE 1z0-1074-20 package; sorted by authorized expert groups, they turn course theory into exam-ready skill.

Yes on both counts. Download the free demo of the Oracle Cost Management Cloud 2020 Implementation Essentials questions first, and browse the comments written by former customers for a second opinion. After purchase, new versions are sent to you as soon as they release, free for 365 days; after expiry, extending the update service costs 50% of the regular price.

Worry-free means a 100% money-back guarantee with 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, 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; 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, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.

Delivery is instant: download your files the moment you pay, with an email copy arriving within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 24/7 with infinite patience. Installation is unlimited across your computers.

Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:

Question #1

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. They must create their valuation units manually.
  • D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

  • A. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
  • B. Event Class: Period End Accrual Event Type: Period End Accrual
  • C. Event Class: Expense Accrual Event Type: Expense Accrual
  • D. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
  • E. Event Class: Expense Accrual Event Type: Period End Accrual
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

A chart of accounts (COA) must be specified on the accounting method for which two situations?

  • A. When using ledgers that have unique accounting requirements
  • B. When using account combination rules
  • C. Every accounting method should have a COA.
  • D. When account combination rules use constants
  • E. When using segment rules
Reveal Solution  Discussion  0

Correct Answer: C,E  🗳️

Question #4

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

  • A. Outstanding purchase orders have not been received.
  • B. The item has no on-hand inventory.
  • C. Burdens have not been established for the item
  • D. The assembly item is marked as Perpetual Average costed.
  • E. The Work Definition is incomplete.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

Question #5

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

  • A. PreReference Types
  • B. Material Receipts
  • C. Charge Names
  • D. Trade Operation Template
  • E. Routes
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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