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Oracle 1Z0-1074-26

1Z0-1074-26

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Aug 16, 2026

Q&A Number: 82 Q&As

1Z0-1074-26 Free Demo download

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) An error will always occur.
B) The original account is stored on the journal line.
C) The preprocessor will pre-warn about this error.
D) An alternate account will be used if provided.
E) Suspense accounts cannot be used.


2. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
B) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
C) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
E) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.


3. Which two steps need to be completed to estimate landed costs?

A) Transfer transactions from the Inventory to the Costing process.
B) Allocate charges
C) Prepare the Material Purchase Order Data process.
D) Update standard costs.
E) Transfer transactions from the Payables to the Costing process.


4. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Item Category/Material Supplier/Landed Cost Charge
B) Item Catalog/Inventory Organization/Business Unit
C) Inventory Organization/Landed Cost Charge/Third Party Supplier
D) Business Unit/Landed Cost Charge/Cost Organization
E) Item/Business Unit/Route


5. Identify three characteristics of cost component to cost element mapping.

A) It is user-defined.
B) It is one of the attributes you define as part of your cost profile definitions.
C) You can only define one cost component to cost element mapping for an installation.
D) It lets you define how cost component level costs will map into cost elements.
E) You cannot modify, duplicate, or create user-defined cost components.


Solutions:

Question # 1
Answer: B,D
Question # 2
Answer: D
Question # 3
Answer: B,C
Question # 4
Answer: B
Question # 5
Answer: A,B,D

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