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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Cost Accounting and Distribution	- Subledger accounting integration - Cost accounting distributions
Setup and Configuration	- Cost methods and valuation structures - Cost organizations and cost profiles setup - Cost component definitions and mappings
Inventory and Costing Processes	- Receipt accounting and cost updates - Work in process (WIP) cost flows - Inventory transactions cost processing
Cost Management Cloud Overview	- Application architecture and key components - Cost accounting fundamentals in Oracle Cloud
Period Close and Reporting	- Cost period close process - Cost reports and reconciliation
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 (Q73-Q78):

NEW QUESTION # 73
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 application will generate an error because there are two work definitions for the same item.
B. The scenario will choose the work definition that is production priority 1.
C. 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.
D. The cost planning scenario will use both work definitions for the item.
E. The application will use the work definition that is named Plan B.

Answer: B

Explanation:
Reference:

NEW QUESTION # 74
At what level can you define item cost profiles?

A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
B. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
C. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
D. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

Answer: D

Explanation:
Reference:

NEW QUESTION # 75
What are three cost method choices that are available in Cost Accounting?

A. Perpetual average cost
B. Periodic average cost
C. Actual cost (FIFO or First In First Out)
D. Standard cost
E. Period end average cost
F. Actual cost (LIFO or Last In First Out)

Answer: A,C,F

Explanation:
Reference:

NEW QUESTION # 76
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 Accounts Payable role for the correct inventory organization.
B. Create Data Access on the Cost Accountant role for the correct inventory organization.
C. Create Data Access on the Accounts Payable role for the correct cost organization.
D. Create Data Access on the Cost Accountant role for the correct cost organization.

Answer: D

Explanation:
Reference:

NEW QUESTION # 77
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
C. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
D. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Answer: B

Explanation:
Reference:

NEW QUESTION # 78
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