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

1Z0-1074-26 Exam Questions
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 22, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Management Overview- Cost accounting concepts in Oracle Cloud
- Costing methods and principles
Topic 2: Cost Processing- Resource and overhead costing
- Material cost accounting
- Cost distribution and adjustments
Topic 3: Cost Analysis and Reporting- Cost reports and inquiries
- Cost reconciliation and variance analysis
Topic 4: Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Topic 5: Setup and Configuration- Cost organization and cost book setup
- Inventory valuation and accounting setup
- Subledger accounting configuration

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

A) When a chart of accounts is assigned to the value set definition
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) If a segment shares the same value set across multiple chart of accounts
E) When a secondary ledger has a different COA


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


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


4. You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can't you see this process?

A) Purchase order information should not be imported into Receipt Accounting.
B) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
C) You do not have the role to import purchase order information into Receipt Accounting.
D) This process can only be scheduled and run from the Receipt Accounting work area
E) Purchase order information is automatically sent to Receipt Accounting using a real-time method


5. Identify four characteristics of a cost element.

A) Users can define any number of cost elements.
B) It uses date effectivity.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) It is user-defined.
E) It is the granularity at which costs are tracked and accounted.
F) The mapping of cost components into cost elements is user-defined.


Solutions:

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

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