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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. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A) Review errors in the Create Accounting Execution log.
B) Review errors in the Create Accounting Execution report.
C) Query the transaction from Review Cost Accounting Distributions to see the error message.
D) Refer to the Accounting Event Diagnostic report.
E) Refer to the Accounting Event Diagnostic Log.

3. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Receipt number
B) Expense invoice number
C) Internal requisition number
D) Bill of Lading
E) Shipment number

4. 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 with consolidated financial reporting.
B) It is only used when you do not need to maintain an arm's length relationship.
C) It can help you understand true margins and value added by internal business units through the internal supply chain.
D) 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.
E) 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.

5. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Estimating Standard Costs for Assemblies
B) Management Cost Accounting Periods
C) Review Work Order Costs
D) Analyzing and Comparing Costs
E) Review Item Costs
F) Manage Resource Rates

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