Quiz Oracle - Perfect 1Z0-1074-26 - Latest Oracle Cost Management Cloud 2026 Implementation Professional Exam Answers

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| Section | Objectives |
|---|
| Topic 1: Cost Management Overview | - Costing methods and principles - Cost accounting concepts in Oracle Cloud
|
| Topic 2: Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing
|
| Topic 3: Setup and Configuration | - Subledger accounting configuration - Inventory valuation and accounting setup - Cost organization and cost book setup
|
| Topic 4: Cost Processing | - Resource and overhead costing - Cost distribution and adjustments - Material cost accounting
|
| 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 (Q58-Q63):
NEW QUESTION # 58
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Retro-reprice
- B. Overhead
- C. Cost of Goods Sold
- D. In-transit
- E. Adjustments
Answer: D
Explanation:
Cost Accounting Processor processes is consisted of Physical inventory transactions andTrade transactions. Trade Accounting Processor to process all in-transit transactions.
Reference:
NEW QUESTION # 59
What are three cost method choices that are available in Cost Accounting?
- A. Periodic average cost
- B. Perpetual average cost
- C. Period end average cost
- D. Actual cost (LIFO or Last In First Out)
- E. Actual cost (FIFO or First In First Out)
- F. Standard cost
Answer: B,D,E
Explanation:
Reference:
NEW QUESTION # 60
Which two steps need to be completed to estimate landed costs?
- A. Allocate charges
- B. Transfer transactions from the Inventory to the Costing process.
- C. Update standard costs.
- D. Prepare the Material Purchase Order Data process.
- E. Transfer transactions from the Payables to the Costing process.
Answer: A,D
Explanation:
Reference:
NEW QUESTION # 61
Select the two valid relationships between subledger components.
- A. The journal lines hold the journal entry rule sets.
- B. Journal entry rule sets hold journal rules and accounting rules.
- C. Journal entry rules are used to hold accounting rules.
- D. The accounting method holds the accounting rules by Event Class and Event Type.
- E. The accounting method groups journal entry rule sets by Event Class and Event Type.
Answer: B,C
Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
NEW QUESTION # 62
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
- D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
- F. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
Answer: A,C
Explanation:
Reference:
NEW QUESTION # 63
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