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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

What are three cost method choices that are available in Cost Accounting?

  • A. Period end average cost
  • B. Actual cost (FIFO or First In First Out)
  • C. Perpetual average cost
  • D. Standard cost
  • E. Periodic average cost
  • F. Actual cost (LIFO or Last In First Out)
Reveal Solution  Discussion  0

Correct Answer: B,C,F  🗳️

Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).

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. Payables invoices; invoice price variance can be added to item cost.
  • E. Requisition costs; validated costs can be used.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

  • A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
  • B. Create the cost in Manage Cost Scenarios.
  • C. This requirement will already be met by the default data generated when using Quick Setup.
  • D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

  • A. Create Data Access on the Cost Accountant role for the correct inventory organization.
  • B. Create Data Access on the Accounts Payable role for the correct inventory organization.
  • C. Create Data Access on the Cost Accountant role for the correct cost organization.
  • D. Create Data Access on the Accounts Payable role for the correct cost organization.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  • A. Inventory Organization and Legal Entity
  • B. Business Unit and Legal Entity
  • C. Business Unit and Inventory Organization
  • D. Inventory Organization and Cost Organization
  • E. Legal Entity and Cost Organization
  • F. Business Unit and Cost Organization
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).

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