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Instant Download Oracle : 1Z0-1074-26 Questions & Answers as PDF & Test Engine
- Exam Code: 1Z0-1074-26
- Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
- Updated: Jun 29, 2026
- No. of Questions: 82 Questions and Answers
- Download Limit: Unlimited
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
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) 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.
B) It must always use the work definition with the October 1, 2015 effective date.
C) It will use the work definition with the January 2, 2016 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.
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) 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.
C) 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.
D) It only affects whether or not you can process a cost adjustment.
3. Identify two characteristics of Landed Cost charge names.
A) You can use multiple currencies within a trade operation for the same charge name on different lines.
B) Charge names cannot be used to tie an invoice to a trade operation.
C) Charge names cannot be associated with a PO schedule.
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.
4. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) When using segment rules
B) When using ledgers that have unique accounting requirements
C) Every accounting method should have a COA.
D) When using account combination rules
E) When account combination rules use constants
5. Which two rules determine whether a condition has been met for accounting rules?
A) After all conditions are tested, the final resulting value is used.
B) The conditions are evaluated in the sequence they are defined in the accounting rule.
C) Priorities determine the order in which accounting rule conditions are examined.
D) Use parenthesis to control the order of the condition evaluation.
E) When the condition is met, the rule associated with that priority is used.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,E | Question # 4 Answer: A,C | Question # 5 Answer: C,E |
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