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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which three cost planning tasks can be performed in the Cost Accounting work area?

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

Answer: B,D,E

Explanation:
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11

NEW QUESTION # 55
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. They must create their valuation units manually.
B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

Answer: C

Explanation:
Reference:

NEW QUESTION # 56
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. Perform cost account validations for August in Manage Cost Accounting Periods
B. Change the number of maximum open periods in Manage Cost Organization Relationships
C. Run the Transfer Transactions to Costing process.
D. Close the August period; you can never have two open periods at the same time.

Answer: B

Explanation:
Reference:

NEW QUESTION # 57
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. This requirement will already be met by the default data generated when using Quick Setup.
B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
C. Create the cost in Manage Cost Scenarios.
D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

Answer: A

Explanation:
Reference:

NEW QUESTION # 58
Which two types of costs are included in the cost of contract manufactured items?

A. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
B. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
C. The cost of resources consumed at the OEM's factory
D. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
E. The cost of the contract manufacturing service Item. This is the price that the contract

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 59
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