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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Setup and Configuration | - Cost organizations and cost profiles setup - Cost component definitions and mappings - Cost methods and valuation structures |
| Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
| Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
| Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
| Inventory and Costing Processes | - Receipt accounting and cost updates - Inventory transactions cost processing - Work in process (WIP) cost flows |
| Period Close and Reporting | - Cost reports and reconciliation - Cost period close process |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Turn off merge matching lines in the journal line rule.
- B. Turn off the summarize flag in the journal line rule.
- C. Turn on detailed posting for GL in the ledger setup.
- D. Extract distribution accounting entries.
- E. Write a custom report.
Correct Answer: A 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
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 Cost Organization
- C. Legal Entity and Cost Organization
- D. Business Unit and Legal Entity
- E. Inventory Organization and Cost Organization
- F. Business Unit and Inventory Organization
Correct Answer: F 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Which three features are included in Receipt Accounting?
- A. Create Receipt Accounting Distribution
- B. Analyze Standard Purchase Cost Variances
- C. Adjust Receipt Accrual Clearing Balances
- D. Review Item Costs
- E. Review Journal Entries
Correct Answer: A,C,E 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Grade, Subinventory, Locator, Serial
- B. Grade, Serial, Group, Lot
- C. Subinventory. Lot, Serial, Grade
- D. Subinventory, Make, Lot, Serial
- E. Subinventory, Lot, Serial, Locator
Correct Answer: C 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- C. It is used only for analyzing gross margins on noninventory sales of services.
- D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
Correct Answer: B,D 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
