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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Inventory and Costing Processes	- Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing
Topic 2: Cost Accounting and Distribution	- Cost accounting distributions - Subledger accounting integration
Topic 3: Period Close and Reporting	- Cost period close process - Cost reports and reconciliation
Topic 4: Cost Management Cloud Overview	- Application architecture and key components - Cost accounting fundamentals in Oracle Cloud
Topic 5: Setup and Configuration	- Cost organizations and cost profiles setup - Cost component definitions and mappings - Cost methods and valuation structures
Topic 6: Troubleshooting and Best Practices	- Performance and reconciliation best practices - Common configuration issues

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q27-Q32):

NEW QUESTION # 27
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Cost Accountant role for the correct inventory organization.
B. Create Data Access on the Accounts Payable role for the correct cost organization.
C. Create Data Access on the Accounts Payable role for the correct inventory organization.
D. Create Data Access on the Cost Accountant role for the correct cost organization.

Answer: D

Explanation:
Reference:

NEW QUESTION # 28
Select the two valid relationships between subledger components.

A. Journal entry rules are used to hold accounting rules.
B. The accounting method holds the accounting rules by Event Class and Event Type.
C. The journal lines hold the journal entry rule sets.
D. Journal entry rule sets hold journal rules and accounting rules.
E. The accounting method groups journal entry rule sets by Event Class and Event Type.

Answer: A,D

Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

NEW QUESTION # 29
Identify two ways that standard cost is calculated.

A. Users must manually enter the cost of each configured item; the calculation is not automated.
B. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
C. The standard cost is the sum of the cost of the selected option items.
D. The cost of a configured item is calculated based on the work definition of the model item.
E. The standard cost of the configured item is based on the purchase order price quoted by the

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 30
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A. The scenario will choose the work definition that is production priority 1.
B. The application will use the work definition that is named Plan B.
C. The application will generate an error because there are two work definitions for the same item.
D. The cost planning scenario will use both work definitions for the item.
E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Answer: A

Explanation:
Reference:

NEW QUESTION # 31
Identify three characteristics of cost component to cost element mapping.

A. You cannot modify, duplicate, or create user-defined cost components.
B. It is one of the attributes you define as part of your cost profile definitions.
C. You can only define one cost component to cost element mapping for an installation.
D. It lets you define how cost component level costs will map into cost elements.
E. It is user-defined.

Answer: B,D,E

Explanation:
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96

NEW QUESTION # 32
......

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