2026 1Z0-1074-26: Oracle Cost Management Cloud 2026 Implementation Professional–Reliable Reliable Test Prep

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| Section | Objectives |
|---|
| Inventory and Costing Processes | - Work in process (WIP) cost flows - Inventory transactions cost processing - Receipt accounting and cost updates
|
| Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components
|
| Setup and Configuration | - Cost methods and valuation structures - Cost component definitions and mappings - Cost organizations and cost profiles setup
|
| Period Close and Reporting | - Cost period close process - Cost reports and reconciliation
|
| Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues
|
| Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q33-Q38):
NEW QUESTION # 33
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Transfer transactions from receiving.
- B. Transfer transactions from payables.
- C. Transfer to Sub ledger Accounting.
- D. Assign accruals to purchase order transactions.
- E. Create distributions.
Answer: E
Explanation:
Reference:
NEW QUESTION # 34
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Input Costs
- C. Incremental Costs
- D. Variable Costs
- E. Scrap Costs
- F. Output Costs
Answer: A,B,E,F
Explanation:
Reference:
NEW QUESTION # 35
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- B. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- C. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- D. Run the "Activate Accounting Methods" process.
- E. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
Answer: C,E
NEW QUESTION # 36
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost of a model item is calculated.
- B. It is based on the material and resource requirements of a released work order.
- C. The standard cost is calculated for every possible combination of options under a model
- D. It is based on the actual cost of the work order after it is completed.
Answer: A
Explanation:
Reference:
NEW QUESTION # 37
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Account Class must be set to Freight.
- B. Sub ledger accounting is set up to accomplish this out-of-the-box.
- C. Line Type must be set to Freight.
- D. Create a condition for a journal line for freight.
Answer: A,C
Explanation:
Reference:
NEW QUESTION # 38
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