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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q22-Q27):

NEW QUESTION # 22
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
B. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
D. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Answer: E

Explanation:
Reference:

NEW QUESTION # 23
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
B. Copy and rename predefined subledger journal entry rule sets before modifying them.
C. Journal entry rule sets do not require accounting rules.
D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
E. Use a different journal entry rule set for each ledger with a different accounting convention.

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 24
Select the two valid relationships between subledger components.

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

Answer: C,D

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

NEW QUESTION # 25
How is the standard cost of a manufactured configured item calculated?

A. The standard cost is calculated for every possible combination of options under a model
B. It is based on the material and resource requirements of a released work order.
C. It is based on the actual cost of the work order after it is completed.
D. The standard cost of a model item is calculated.

Answer: D

Explanation:
Reference:

NEW QUESTION # 26
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. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

Answer: B

Explanation:
Reference:

NEW QUESTION # 27
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