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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q28-Q33):

NEW QUESTION # 28
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 type as the accounting method.
B. Use a different journal entry rule set for each ledger with a different accounting convention.
C. Copy and rename predefined subledger journal entry rule sets before modifying them.
D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E. Journal entry rule sets do not require accounting rules.

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 29
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A. Inventory Valuation
B. Journal Entries
C. Item Costs
D. Work Order Costs
E. Cost Processing
F. Purchase Variance Summary

Answer: A,D,F

Explanation:
Reference:

NEW QUESTION # 30
A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When account combination rules use constants
B. Every accounting method should have a COA.
C. When using segment rules
D. When using account combination rules
E. When using ledgers that have unique accounting requirements

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 31
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. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
C. Create the cost in Manage Cost Scenarios.
D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

Answer: A

Explanation:
Reference:

NEW QUESTION # 32
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A. In-transit Valuation Report
B. Cost Accounting Valuation Report
C. Costing Account Balances Report
D. COGS and Revenue Matching Report
E. Work in Process Inventory Valuation Report
F. Inventory Valuation Report
G. Layer Inventory Valuation Report

Answer: A,C,F,G

Explanation:
Reference:

NEW QUESTION # 33
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