Oracle Cost Management Cloud 2026 Implementation Professional : 1Z0-1074-26

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Sep 24, 2026
  • Q&As: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Analysis and Reporting- Cost reports and inquiries
- Cost reconciliation and variance analysis
Topic 2: Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Topic 3: Cost Management Overview- Cost accounting concepts in Oracle Cloud
- Costing methods and principles
Topic 4: Setup and Configuration- Cost organization and cost book setup
- Inventory valuation and accounting setup
- Subledger accounting configuration
Topic 5: Cost Processing- Cost distribution and adjustments
- Material cost accounting
- Resource and overhead costing

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

  • A. Run the "Activate Accounting Methods" process.
  • B. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
  • C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
  • D. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
  • E. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #2

Identify three Landed Cost Management tasks.

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

Correct Answer: B,C,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #3

Identify three characteristics of cost component to cost element mapping.

  • A. It is user-defined.
  • B. You can only define one cost component to cost element mapping for an installation.
  • C. It is one of the attributes you define as part of your cost profile definitions.
  • D. It lets you define how cost component level costs will map into cost elements.
  • E. You cannot modify, duplicate, or create user-defined cost components.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #4

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

Correct Answer: E  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #5

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

  • A. Cost Accounting
  • B. Landed Cost Management
  • C. Inventory Management
  • D. Product Model
  • E. Receipt Accounting
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

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