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Oracle Oracle Cloud 1Z0-1074-26 Oracle Cost Management Cloud 2026 Implementation Professional Exams
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration |
| Topic 2: Setup and Configuration | - Cost methods and valuation structures - Cost organizations and cost profiles setup - Cost component definitions and mappings |
| Topic 3: Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
| Topic 4: Inventory and Costing Processes | - Work in process (WIP) cost flows - Inventory transactions cost processing - Receipt accounting and cost updates |
| Topic 5: Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Topic 6: Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Question #1
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
A. It will use the work definition with the January 2, 2016 effective date.
B. It must always use the work definition with the October 1, 2015 effective date.
C. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
Question #2
Which statement is true regarding the cost cutoff date in Cost Accounting?
A. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
B. It only affects whether or not you can process a cost adjustment.
C. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
Question #3
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
B. Journal entry rule sets do not require accounting rules.
C. Use a different journal entry rule set for each ledger with a different accounting convention.
D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
E. Copy and rename predefined subledger journal entry rule sets before modifying them.
Question #4
Which two outcomes can happen in create accounting when an account combination returned is end dated?
A. The preprocessor will pre-warn about this error.
B. The original account is stored on the journal line.
C. An error will always occur.
D. Suspense accounts cannot be used.
E. An alternate account will be used if provided.
Question #5
Select two ways to define the standard cost for an item from the Cost Accounting work area.
A. Manage the Item Cost task.
B. Manage the Standard Cost task.
C. Import standard costs from receipt layers.
D. Create Standard Cost in a spreadsheet.
Solutions:
| Question #1 Correct Answer: D | Question #2 Correct Answer: A | Question #3 Correct Answer: A,D | Question #4 Correct Answer: B,E | Question #5 Correct Answer: B,D |
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