1Z0-1074-26 Cost Effective Dumps - Practice 1Z0-1074-26 Engine

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q62-Q67):

NEW QUESTION # 62
Select two ways to define the standard cost for an item from the Cost Accounting work area.

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

Answer: A,C

Explanation:
Reference:

NEW QUESTION # 63
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 At Receipt.
B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
C. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
E. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer: B,F

Explanation:
Reference:

NEW QUESTION # 64
Which two outcomes can happen in create accounting when an account combination returned is end dated?

A. An alternate account will be used if provided.
B. The original account is stored on the journal line.
C. The preprocessor will pre-warn about this error.
D. Suspense accounts cannot be used.
E. An error will always occur.

Answer: A,B

Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

NEW QUESTION # 65
Which two statements are true about Cost Accounting books? (Choose two.)

A. Every cost organization must use different book names; they cannot be shared.
B. A cost organization has one book that posts to the primary ledger.
C. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 66
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 inventory organization.
C. Create Data Access on the Cost Accountant role for the correct cost organization.
D. Create Data Access on the Accounts Payable role for the correct cost organization.

Answer: C

Explanation:
Reference:

NEW QUESTION # 67
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