Oracle 1Z0-1074-26 Exam Questions : 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 client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
B) They must create their valuation units manually.
C) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D) They cannot change their current configuration; data generated by Quick Setup cannot be changed.

2. Which two statements are true about Cost Accounting books? (Choose two.)

A) Every cost organization must use different book names; they cannot be shared.
B) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
C) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
D) A cost organization has one book that posts to the primary ledger.

3. 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 Create Accounting process.
C) Run the Transactions from Procurement to Costing process.
D) Run the Clear Receipt Accrual Balances process.
E) Run the Transfer Costs from Payables to Cost Management process.

4. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A) Run the Create Cost Accounting Distribution process with the following parameters:
B) Run the Create Accounting for Costing process with the following parameters:
C) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
D) Run the Create Cost Accounting Distribution process with the following parameters:
E) Run the Create Accounting for Costing process with the following parameters:

5. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It can help you understand true margins and value added by internal business units through the internal supply chain.
B) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
D) It can help you with consolidated financial reporting.
E) It is only used when you do not need to maintain an arm's length relationship.

Solutions: