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This offline version of the practice test creates a real Oracle Cost Management Cloud 2026 Implementation Professional exam environment. You can practice the Oracle 1Z0-1074-26 Questions with the help of desktop practice exam software. The practice exam software is compatible with Windows-based computers only and does not need internet connectivity.

Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Cost Processing	- Material cost accounting - Resource and overhead costing - Cost distribution and adjustments
Cost Management Overview	- Cost accounting concepts in Oracle Cloud - Costing methods and principles
Integration with Oracle Cloud Applications	- Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting
Cost Analysis and Reporting	- Cost reports and inquiries - Cost reconciliation and variance analysis
Setup and Configuration	- Inventory valuation and accounting setup - Cost organization and cost book setup - Subledger accounting configuration

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q45-Q50):

NEW QUESTION # 45
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Overhead
B. Adjustments
C. Cost of Goods Sold
D. Retro-reprice
E. In-transit

Answer: E

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 # 46
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Accounts Payable role for the correct inventory organization.
B. Create Data Access on the Cost Accountant role for the correct cost organization.
C. Create Data Access on the Accounts Payable role for the correct cost organization.
D. Create Data Access on the Cost Accountant role for the correct inventory organization.

Answer: B

NEW QUESTION # 47
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A. Run the Create Accounting for Costing process with the following parameters:
B. Run the Create Cost Accounting Distribution process with the following parameters:
C. Run the Create Cost Accounting Distribution process with the following parameters:
D. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
E. Run the Create Accounting for Costing process with the following parameters:

Answer: A

Explanation:
Reference:

NEW QUESTION # 48
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
C. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
D. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
E. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

Answer: C

Explanation:
Reference:

NEW QUESTION # 49
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions without alternates
B. Work definitions with the lowest production priority
C. Work definitions with the highest costing priority
D. Work definitions with the highest production priority
E. Work definitions with specific unit numbers

Answer: C,D

Explanation:
Reference:

NEW QUESTION # 50
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