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

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A) Costing -Receipt Accounting Real Time
B) Receipt Accounting- Receipt Accounting Distributions Real Time
C) Financials-Subledger Accounting-Detail Transactions
D) Receipt Accounting-- Receipt Accounting Transactions Real Time
E) Costing-Cost Accounting Real Time

2. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

A) Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
B) Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
C) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
D) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
E) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
F) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

3. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Overhead
B) In-transit
C) Cost of Goods Sold
D) Retro-reprice
E) Adjustments

4. In which two scenarios would you define account rules based on value sets?

A) When a secondary ledger has a different COA
B) In the absence of a chart of accounts on the accounting method
C) When there is a mapping set to convert the accounts
D) When a chart of accounts is assigned to the value set definition
E) If a segment shares the same value set across multiple chart of accounts

5. 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) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
D) This requirement will already be met by the default data generated when using Quick Setup.

Solutions: