Oracle 1Z0-1074-26 Q&A - in .pdf

  • 1Z0-1074-26 pdf
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Sep 25, 2026
  • Q & A: 82 Questions and Answers
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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
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  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Period Close and Reporting- Cost reports and reconciliation
- Cost period close process
Troubleshooting and Best Practices- Common configuration issues
- Performance and reconciliation best practices
Setup and Configuration- Cost methods and valuation structures
- Cost organizations and cost profiles setup
- Cost component definitions and mappings
Cost Accounting and Distribution- Cost accounting distributions
- Subledger accounting integration
Cost Management Cloud Overview- Cost accounting fundamentals in Oracle Cloud
- Application architecture and key components
Inventory and Costing Processes- Receipt accounting and cost updates
- Inventory transactions cost processing
- Work in process (WIP) cost flows

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

Which two outcomes can happen in create accounting when an account combination returned is end dated?

  • A. An alternate account will be used if provided.
  • B. An error will always occur.
  • C. The original account is stored on the journal line.
  • D. The preprocessor will pre-warn about this error.
  • E. Suspense accounts cannot be used.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Question #2

When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

  • A. Receipt costs; costs include adjustments.
  • B. Payables invoices; invoice price variance can be added to item cost.
  • C. Receivables invoices; actual cost can be used.
  • D. Purchase order costs; item catalog costs can be used.
  • E. Requisition costs; validated costs can be used.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Identify four characteristics of a cost element.

  • A. Users can define any number of cost elements.
  • B. It uses date effectivity.
  • C. It is the granularity at which costs are tracked and accounted.
  • D. It is user-defined.
  • E. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
  • F. The mapping of cost components into cost elements is user-defined.
Reveal Solution  Discussion  0

Correct Answer: B,D,E,F  🗳️

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Question #4

Which two steps need to be completed to estimate landed costs?

  • A. Allocate charges
  • B. Transfer transactions from the Payables to the Costing process.
  • C. Prepare the Material Purchase Order Data process.
  • D. Transfer transactions from the Inventory to the Costing process.
  • E. Update standard costs.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Question #5

Identify three Landed Cost Management tasks.

  • A. Create Accounting
  • B. Capture Charges
  • C. Perform Allocations
  • D. Review Journal Entries
  • E. View Rolled Up Costs
  • F. Manage Cost Scenarios
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

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