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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Inventory and Costing Processes	- Inventory transactions cost processing - Receipt accounting and cost updates - Work in process (WIP) cost flows
Topic 2: Period Close and Reporting	- Cost reports and reconciliation - Cost period close process
Topic 3: Cost Accounting and Distribution	- Cost accounting distributions - Subledger accounting integration
Topic 4: Cost Management Cloud Overview	- Cost accounting fundamentals in Oracle Cloud - Application architecture and key components
Topic 5: Setup and Configuration	- Cost methods and valuation structures - Cost organizations and cost profiles setup - Cost component definitions and mappings
Topic 6: Troubleshooting and Best Practices	- Common configuration issues - Performance and reconciliation best practices

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
Identify three Landed Cost Management tasks.

A. Perform Allocations
B. View Rolled Up Costs
C. Capture Charges
D. Create Accounting
E. Review Journal Entries
F. Manage Cost Scenarios

Answer: A,C,D

Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624

NEW QUESTION # 48
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Transfer costs to Cost Management.
B. Execute the Preprocessor.
C. Activate its journal entry rule set assignments.
D. Create Accounting.
E. Transfer transactions from Receiving to Costing.

Answer: C

Explanation:
Reference:

NEW QUESTION # 49
Identify two characteristics of a cost profile.

A. It is used for Receipt Accounting.
B. It is where you define which cost method you want to use for the cost component to cost element mapping.
C. It is used for calculating the estimated cost of manufactured items under different scenarios.
D. It is where you define your Cost Accounting policies.

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 50
Select two ways to define the standard cost for an item from the Cost Accounting work area.

A. Import standard costs from receipt layers.
B. Manage the Standard Cost task.
C. Create Standard Cost in a spreadsheet.
D. Manage the Item Cost task.

Answer: B,C

Explanation:
:

NEW QUESTION # 51
Identify two purposes of Sub ledger Accounting.

A. to calculate costs for transactions
B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
C. to centralize accounting string generation across all modules
D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
E. to maintain backward compatibility

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 52
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