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Hiring managers in 2026 still scan resumes for Oracle credentials, and the Oracle Cost Management Cloud 2020 Implementation Essentials is the door opener. PrepAwayExam helps you walk through it with 80 practice questions compiled by experts who track the 1z0-1074-20 exam outline year after year.

Oracle 1z0-1074-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Cost Management Cloud 2020 Implementation Essentials
Exam Number:1Z0-1074-20
Exam Duration:90 minutes
Certificate Validity Period:Oracle certification policies apply; no fixed expiration publicly specified for this credential version
Related Certifications:Oracle Cost Management Cloud 2020 Certified Implementation Specialist
Exam Price:USD 245
Available Languages:English
Exam Format:Multiple Answer, Multiple Choice
Passing Score:65%
Real Exam Qty:55-60
Sample Questions: DOWNLOAD DEMO
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/

Oracle 1z0-1074-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Managerial Accounting Overview- Cost Management Fundamentals
  • 1. Describe receipt accounting processes
  • 2. Explain cost accounting concepts
  • 3. Identify implementation decision points
  • 4. Understand landed cost management
Topic 2: Managing Standard Costs- Standard Cost Management
  • 1. Analyze standard cost variances
  • 2. Manage cost rollups
  • 3. Create and publish standard costs
  • 4. Perform cost updates
Topic 3: Costing and Inventory Foundations- Inventory Cost Structure
  • 1. Inventory organizations and valuation units
  • 2. Inventory transactions and costing impact
  • 3. Cost organizations and cost books
  • 4. Cost profiles and cost scenarios
Topic 4: Managing Projects Enabled Supply Chain- Project-Driven Supply Chain
  • 1. Project cost collection
  • 2. Project-specific costing processes
  • 3. Integration with Oracle Project Management
  • 4. Project inventory management
Topic 5: Configuring Receipt Accounting- Receipt Accounting Setup
  • 1. Receipt accounting distributions
  • 2. Accrual accounting processes
  • 3. Period-end processing
  • 4. Receipt accounting configuration
Topic 6: Configuring and Managing Landed Cost- Landed Cost Management
  • 1. Cost allocation methods
  • 2. Landed cost adjustments
  • 3. Trade operations integration
  • 4. Landed cost charge definitions
Topic 7: Configuring Cost Accounting- Cost Accounting Configuration
  • 1. Cost adjustments and transfers
  • 2. Cost distributions
  • 3. Transaction accounting
  • 4. Cost processors and accounting rules
Topic 8: Defining Subledger Accounting- Accounting Rules Configuration
  • 1. Account derivation rules
  • 2. Accounting method setup
  • 3. Mapping sets
  • 4. Journal entry rule sets

Oracle 1z0-1074-20 Exam FAQs: Before You Book Your Seat

The official Oracle Cost Management Cloud 2020 Implementation Essentials blueprint is divided into 8 domains, led by Defining Subledger Accounting, Managing Standard Costs, and Configuring Cost Accounting. The full domain-by-domain breakdown is in the syllabus section above — that is the checklist your study plan should follow.

The passing score for the 1z0-1074-20 exam is 65%, and registering officially costs USD 245. That fee buys exactly one attempt — if you fall short, the retake is charged in full again, no discount for a second try. The practical move is to measure yourself first: drill the 80 practice questions at PrepAwayExam under timed conditions until your mock scores clear the bar with room to spare, then book your seat.

You can. PrepAwayExam publishes a free PDF demo of the 1z0-1074-20 practice questions — download it, work through it, and decide on evidence rather than promises. Once you own the full product, 365 days of free updates are included, and an expired product can have its update service renewed at a 50% discount from your member zone.

The 1z0-1074-20 exam — officially the Oracle Cost Management Cloud 2020 Implementation Essentials — is how Oracle verifies that you can apply its technologies in real working scenarios, and passing it earns you the Cost Management Cloud certification, a credential at the Implementation Specialist level. Employers recognize it because it is vendor-issued and skills-based. Candidates often continue toward related credentials such as Oracle Cost Management Cloud 2020 Certified Implementation Specialist once this one is in hand.

You will face 55-60 questions within 90 minutes on the 1z0-1074-20 exam. Do the math once and the lesson is clear: dwell too long on a hard item and the clock eats your easy points later. The fix is rehearsal, not luck — take full-length timed mocks in the PrepAwayExam desktop or online test engine until pacing becomes automatic, and learn to flag a question, move on, and return with fresh eyes.

First, delivery: your download is available immediately after payment, and the package also arrives in your email within one minute. If 2 hours pass with nothing in your inbox, check spam and contact support — and feel free to install the software on as many computers as you like, there is no device limit.

Second, the safety net: if you sit the 1z0-1074-20 exam within 60 days of purchase and do not pass, the PrepAwayExam money back guarantee entitles you to a full refund. File the claim within 2 days of the exam with a scanned enrollment slip and your official score report (PDF); claims are processed within 7 days. The candidate name must match the payer name, and the guarantee excludes exams taken within 3 days of purchase, purchases never used in an actual exam attempt, free materials, and expired orders. If you would rather keep studying, you can swap the product for two free exam packages of equal value and keep the update service on your original purchase.

No mandatory prerequisite exam required. Oracle recommends experience with Oracle SCM Cloud and Cost Management implementations.

Vendor policies shift from time to time, so treat this as your starting point and verify the current criteria on the official Oracle exam page before you schedule anything.

Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

  • A. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
  • B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
  • C. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
  • D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
  • E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

  • A. Accrual Reconciliation Report
  • B. Uninvoiced Receipt Accrual Report
  • C. Accrual Clearing Report
  • D. Accrual Supplier Liability Report
  • E. Receipt Accounting Real Time Report
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

  • A. Item Catalog/Inventory Organization/Business Unit
  • B. Business Unit/Landed Cost Charge/Cost Organization
  • C. Inventory Organization/Landed Cost Charge/Third Party Supplier
  • D. Item/Business Unit/Route
  • E. Item Category/Material Supplier/Landed Cost Charge
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

  • A. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
  • B. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
  • C. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
  • D. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No
  • E. Run the Transfer Transactions from Inventory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

  • A. Overhead
  • B. Retro-reprice
  • C. In-transit
  • D. Cost of Goods Sold
  • E. Adjustments
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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