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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q69-Q74):

NEW QUESTION # 69
Identify two characteristics of Landed Cost charge names.

A. Duty is a seeded charge name for Landed Cost.
B. You can modify a charge name until it is associated with a trade operation.
C. You can use multiple currencies within a trade operation for the same charge name on different lines.
D. Charge names cannot be associated with a PO schedule.
E. Charge names cannot be used to tie an invoice to a trade operation.

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 70
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Close the August period; you can never have two open periods at the same time.
B. Change the number of maximum open periods in Manage Cost Organization Relationships
C. Run the Transfer Transactions to Costing process.
D. Perform cost account validations for August in Manage Cost Accounting Periods

Answer: B

Explanation:
Reference:

NEW QUESTION # 71
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A. You can streamline your setup effort.
B. You can control which definitions are visible to different cost organizations
C. You have the option to share setup data across all cost organizations using the common set.
D. You can share definitions across multiple cost organizations.
E. You don't have to create any definitions for cost books.
F. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

Answer: A,C,D,F

Explanation:
Reference:

NEW QUESTION # 72
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A. Business Unit and Cost Organization
B. Business Unit and Legal Entity
C. Business Unit and Inventory Organization
D. Legal Entity and Cost Organization
E. Inventory Organization and Legal Entity
F. Inventory Organization and Cost Organization

Answer: C

Explanation:
Reference:

NEW QUESTION # 73
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. 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.
B. 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."
C. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Answer: B

Explanation:
Reference:

NEW QUESTION # 74
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