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Oracle 1Z0-1074-26 Q&A - in .pdf
- Exam Code: 1Z0-1074-26
- Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
- Q & A: 82 Questions and Answers
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- Exam Code: 1Z0-1074-26
- Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
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About Oracle Cost Management Cloud 2026 Implementation Professional - 1Z0-1074-26 Exam
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Management Overview | - Cost accounting concepts in Oracle Cloud - Costing methods and principles |
| Topic 2: Cost Processing | - Cost distribution and adjustments - Material cost accounting - Resource and overhead costing |
| Topic 3: Integration with Oracle Cloud Applications | - Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting |
| Topic 4: Setup and Configuration | - Cost organization and cost book setup - Inventory valuation and accounting setup - Subledger accounting configuration |
| Topic 5: Cost Analysis and Reporting | - Cost reports and inquiries - Cost reconciliation and variance analysis |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Question #1
What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?
- A. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- C. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
Correct Answer: D 🗳️
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Question #2
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with specific unit numbers
- B. Work definitions with the highest costing priority
- C. Work definitions with the highest production priority
- D. Work definitions with the lowest production priority
- E. Work definitions without alternates
Correct Answer: B,C 🗳️
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Question #3
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- B. Create the cost in Manage Cost Scenarios.
- C. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- D. This requirement will already be met by the default data generated when using Quick Setup.
Correct Answer: D 🗳️
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Question #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. This process can only be scheduled and run from the Receipt Accounting work area
- B. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- C. Purchase order information should not be imported into Receipt Accounting.
- D. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- E. You do not have the role to import purchase order information into Receipt Accounting.
Correct Answer: B 🗳️
Explanation: Only visible for TorrentValid members. You can sign-up / login (it's free).
Question #5
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Sub ledger accounting is set up to accomplish this out-of-the-box.
- B. Account Class must be set to Freight.
- C. Line Type must be set to Freight.
- D. Create a condition for a journal line for freight.
Correct Answer: B,C 🗳️
Explanation: Only visible for TorrentValid members. You can sign-up / login (it's free).
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