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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: Oct 07, 2026
- Q & A: 82 Questions and Answers
About Oracle Cost Management Cloud 2026 Implementation Professional : 1Z0-1074-26 Exam
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Topic 2: Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
| Topic 3: Setup and Configuration | - Cost component definitions and mappings - Cost methods and valuation structures - Cost organizations and cost profiles setup |
| Topic 4: Inventory and Costing Processes | - Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing |
| Topic 5: Troubleshooting and Best Practices | - Common configuration issues - Performance and reconciliation best practices |
| Topic 6: Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Question #1
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Receiving to Costing process.
- B. Run the Clear Receipt Accrual Balances process.
- C. Run the Create Accounting process.
- D. Run the Transfer Costs from Payables to Cost Management process.
- E. Run the Transactions from Procurement to Costing process.
Correct Answer: A 🗳️
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Question #2
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Financial Orchestration
- C. Shipping
- D. Inventory
- E. Purchasing
Correct Answer: B 🗳️
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Question #3
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You have the option to share setup data across all cost organizations using the common set.
- B. You can control which definitions are visible to different cost organizations
- C. You don't have to create any definitions for cost books.
- D. You can streamline your setup effort.
- E. You can share definitions across multiple cost organizations.
- F. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
Correct Answer: A,D,E,F 🗳️
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Question #4
Select the two valid relationships between subledger components.
- A. The accounting method groups journal entry rule sets by Event Class and Event Type.
- B. Journal entry rules are used to hold accounting rules.
- C. Journal entry rule sets hold journal rules and accounting rules.
- D. The journal lines hold the journal entry rule sets.
- E. The accounting method holds the accounting rules by Event Class and Event Type.
Correct Answer: B,C 🗳️
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Question #5
Identify two characteristics of an expense pool. (Choose two.)
- A. It is used only for analyzing gross margins on noninventory sales of services.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. You can define the name of your expense pool, but you cannot define more than one.
Correct Answer: B,C 🗳️
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