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

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Oct 02, 2026
  • Q & A: 82 Questions and Answers

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

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

  • A. Routes
  • B. Orders
  • C. Cost Scenario
  • D. Trade Operation
  • E. Charge Name
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Identify two characteristics of Landed Cost charge names.

  • A. Charge names cannot be associated with a PO schedule.
  • B. You can use multiple currencies within a trade operation for the same charge name on different lines.
  • C. Charge names cannot be used to tie an invoice to a trade operation.
  • D. Duty is a seeded charge name for Landed Cost.
  • E. You can modify a charge name until it is associated with a trade operation.
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

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Question #3

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

  • A. Create distributions.
  • B. Assign accruals to purchase order transactions.
  • C. Transfer to Sub ledger Accounting.
  • D. Transfer transactions from payables.
  • E. Transfer transactions from receiving.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

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. Create a foreign reporting currency to track gain/loss.
  • B. Subledger Accounting is already set up to process it.
  • C. Create a secondary ledger to track gain/loss.
  • D. Turn on the Subledger Gain or Loss Option.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

  • A. Turn off the summarize flag in the journal line rule.
  • B. Turn on detailed posting for GL in the ledger setup.
  • C. Turn off merge matching lines in the journal line rule.
  • D. Write a custom report.
  • E. Extract distribution accounting entries.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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