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| Section | Objectives |
|---|
| Topic 1: Cost Analysis and Reporting | - Cost reports and inquiries - Cost reconciliation and variance analysis
|
| Topic 2: Cost Management Overview | - Cost accounting concepts in Oracle Cloud - Costing methods and principles
|
| Topic 3: Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing
|
| Topic 4: Cost Processing | - Cost distribution and adjustments - Resource and overhead costing - Material cost accounting
|
| Topic 5: Setup and Configuration | - Cost organization and cost book setup - Subledger accounting configuration - Inventory valuation and accounting setup
|
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Oracle 1Z0-1074-26 study guide
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q67-Q72):
NEW QUESTION # 67
Which two rules determine whether a condition has been met for accounting rules?
- A. The conditions are evaluated in the sequence they are defined in the accounting rule.
- B. Priorities determine the order in which accounting rule conditions are examined.
- C. Use parenthesis to control the order of the condition evaluation.
- D. After all conditions are tested, the final resulting value is used.
- E. When the condition is met, the rule associated with that priority is used.
Answer: B,E
Explanation:
Reference:
NEW QUESTION # 68
What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?
- A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- C. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
Answer: A
Explanation:
Reference:
NEW QUESTION # 69
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Clearing Report
- B. Receipt Accounting Real Time Report
- C. Accrual Reconciliation Report
- D. Uninvoiced Receipt Accrual Report
- E. Accrual Supplier Liability Report
Answer: C
Explanation:
Reference:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 70
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- B. It is only used when you do not need to maintain an arm's length relationship.
- C. It can help you understand true margins and value added by internal business units through the internal supply chain.
- D. It can help you with consolidated financial reporting.
- E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
Answer: A,C,D
Explanation:
Reference:
NEW QUESTION # 71
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Copy and rename predefined subledger journal entry rule sets before modifying them.
- B. Use a different journal entry rule set for each ledger with a different accounting convention.
- C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- D. Journal entry rule sets do not require accounting rules.
- E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 72
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