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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Integration with Oracle Cloud Applications	- Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting
Topic 2: Cost Processing	- Resource and overhead costing - Cost distribution and adjustments - Material cost accounting
Topic 3: Setup and Configuration	- Inventory valuation and accounting setup - Cost organization and cost book setup - Subledger accounting configuration
Topic 4: Cost Management Overview	- Costing methods and principles - Cost accounting concepts in Oracle Cloud
Topic 5: 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 (Q21-Q26):

NEW QUESTION # 21
Identify four characteristics of a cost element.

A. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
B. It is the granularity at which costs are tracked and accounted.
C. It uses date effectivity.
D. The mapping of cost components into cost elements is user-defined.
E. Users can define any number of cost elements.
F. It is user-defined.

Answer: A,C,D,F

Explanation:
Reference:

NEW QUESTION # 22
Which three cost planning tasks can be performed in the Cost Accounting work area?

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

Answer: B,E,F

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

NEW QUESTION # 23
In which two scenarios would you define account rules based on value sets?

A. When there is a mapping set to convert the accounts
B. In the absence of a chart of accounts on the accounting method
C. When a secondary ledger has a different COA
D. If a segment shares the same value set across multiple chart of accounts
E. When a chart of accounts is assigned to the value set definition

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 24
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A. Shipment number
B. Bill of Lading
C. Internal requisition number
D. Expense invoice number
E. Receipt number

Answer: A,B

Explanation:
Reference:

NEW QUESTION # 25
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A. Review errors in the Create Accounting Execution report.
B. Query the transaction from Review Cost Accounting Distributions to see the error message.
C. Refer to the Accounting Event Diagnostic Log.
D. Review errors in the Create Accounting Execution log.
E. Refer to the Accounting Event Diagnostic report.

Answer: A,B,E

Explanation:
Reference:

NEW QUESTION # 26
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