Exam Name: Oracle Cost Management Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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- Total Questions: 80
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The Oracle Cost Management Cloud 2020 Implementation Essentials exam has a reputation for being tougher than it looks on paper. Actual4dump closes that gap with 80 practice questions modeled on the real 1z0-1074-20 objectives, edited by experienced IT professionals.
Oracle 1z0-1074-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1074-20 |
| Exam Format: | Multiple Choice, Multiple Answer |
| Related Certifications: | Oracle Cost Management Cloud 2021 Implementation Essentials Oracle Cost Management Cloud 2022 Implementation Professional |
| Certificate Validity Period: | 18 months from certification date |
| Real Exam Qty: | 55-60 |
| Exam Price: | USD 245 |
| Available Languages: | Japanese, Spanish, Simplified Chinese, English, Brazilian Portuguese, Korean |
| Exam Duration: | 90 minutes |
| Passing Score: | 62% |
| Recommended Training: | Oracle Supply Chain Management Cloud Learning Subscription Oracle Cost Management Cloud: Implement Cost Accounting |
| Exam Registration: | Oracle University Pearson VUE |
| Sample Questions: | DOWNLOAD DEMO |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Landed Cost Management | 15% | - Managing Landed Cost Charges - Landed Cost Concepts - Landed Cost Setup |
| Topic 2: Receipt Accounting | 20% | - Accrue at Period End - Overview of Receipt Accounting - Analyzing and Reconciling Receipt Balances - Receipt Accounting Setup |
| Topic 3: Introduction to Cost Accounting | 20% | - Overview of Cost Accounting - Integration with other Oracle Cloud Modules - Key Implementation Decisions |
| Topic 4: Configuring Cost Accounting | 25% | - Cost Elements and Cost Component Groups - Cost Organization and Books - Cost Profiles and Cost Methods - Quick Setup and Manual Setup |
| Topic 5: Subledger Accounting | 15% | - Journal Line Rules - Account Rules and Mapping Sets - Accounting Methods - Creating Subledger Journal Entries |
| Topic 6: Cost Analysis and Reporting | 5% | - Period Close and Reporting - Cost Accounting Work Area - Rolled-up Costs and Cost Scenarios |
Oracle Cost Management Cloud 2020 Implementation Essentials Exam FAQ Hub
Registering for the Oracle Cost Management Cloud 2020 Implementation Essentials exam costs USD 245, and you need 62% to pass. One detail worth remembering: a failed attempt is not discounted — retaking the exam means paying USD 245 again in full. Use the Actual4dump test engine to benchmark yourself first; when your mock results consistently clear 62%, you are ready to book.
The 1z0-1074-20 exam is Oracle's official test for the Oracle Cost Management Cloud 2020 Certified Implementation Specialist credential, a certification at the Specialist level. Earning it tells employers your skills have been verified by the vendor itself, which carries real weight in hiring and promotion decisions. Within the same certification track, it sits alongside Oracle Cost Management Cloud 2021 Implementation Essentials, Oracle Cost Management Cloud 2022 Implementation Professional, so it can also serve as a stepping stone toward those credentials.
Oracle divides the Oracle Cost Management Cloud 2020 Implementation Essentials exam into 6 domains. The largest ones are Landed Cost Management at 15%, Subledger Accounting at 15%, Receipt Accounting at 20% — together these account for the bulk of your score, so start there. The complete domain-by-domain outline appears in the exam topics section above on this page.
Two layers of protection here. First, delivery: your 1z0-1074-20 product is available for instant download, and a copy lands in your email within one minute of payment — if 2 hours pass with nothing (check spam first), our support team will resend it. There is no cap on how many computers you can install it on. Second, the refund policy: if you take the 1z0-1074-20 exam within 60 days of purchase and fail, you may claim a full refund. The claim needs a scanned enrollment slip plus your official Score Report PDF, filed within 2 days after the exam, and it is settled within 7 days. The policy covers only the corresponding exam — attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate's name must match the payer's. If you would rather keep studying, you can instead exchange your product for two free exam products of equal value and keep the update service on your original purchase.
You will face 55-60 questions in 90 minutes on the Oracle Cost Management Cloud 2020 Implementation Essentials exam. Do the math and the per-question budget is tight, which is why pacing drills matter as much as content review. Our advice: take two or three full timed mocks in the Actual4dump engine before the real thing, and practice skipping a stubborn question instead of burning five minutes on it.
Yes — Oracle lists these official training options for Oracle Cost Management Cloud 2020 Implementation Essentials candidates:
- Oracle Cost Management Cloud: Implement Cost Accounting
- Oracle Supply Chain Management Cloud Learning Subscription
Formal training teaches the syllabus; then the 80 practice questions from Actual4dump show you whether that knowledge holds up under real exam conditions.
Of course. Actual4dump publishes a free PDF demo for the Oracle Cost Management Cloud 2020 Implementation Essentials exam so you can review real sample questions and answers first. Every purchase also includes 365 days of free updates, and after that period you can renew the update service at a 50% discount directly from your member zone.
No mandatory prerequisites; recommended practical experience with Oracle SCM Cloud and basic accounting knowledge Eligibility rules are set by Oracle and do change from time to time, so double-check the latest requirements on the official exam page at https://education.oracle.com/ouexam-pexam_1z0-1074-20/pexam_1Z0-1074-20 before you register.
Registration for the 1z0-1074-20 exam runs through these official channels:
As for how you will actually sit the exam: Online proctored (OnVUE) or Onsite at Pearson VUE test centers. Choose whichever delivery option suits your setup when you book.
Oracle Cost Management Cloud 2020 Implementation Essentials Sample Questions:
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
- A. Turn on the Subledger Gain or Loss Option.
- B. Create a foreign reporting currency to track gain/loss.
- C. Create a secondary ledger to track gain/loss.
- D. Subledger Accounting is already set up to process it.
Correct Answer: B 🗳️
At what level can you define item cost profiles?
- A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- B. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Correct Answer: C 🗳️
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- B. You can share definitions across multiple cost organizations.
- C. You can streamline your setup effort.
- D. You can control which definitions are visible to different cost organizations
- E. You don't have to create any definitions for cost books.
- F. You have the option to share setup data across all cost organizations using the common set.
Correct Answer: A,B,C,F 🗳️
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
- A. Never Opened
- B. Open
- C. Permanently Closed
- D. Close Pending
- E. Closed
Correct Answer: E 🗳️
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. Copy and rename predefined subledger journal entry rule sets before modifying them.
- E. Journal entry rule sets do not require accounting rules.
Correct Answer: A 🗳️
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