Desktop-Based Oracle 1Z0-1074-26 Practice Test Software

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

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

Answer: C

Explanation:
Reference:

NEW QUESTION # 53
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 highest costing priority
C. Work definitions with the highest production priority
D. Work definitions with the lowest production priority
E. Work definitions with specific unit numbers

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 54
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A. It is only used when you do not need to maintain an arm's length relationship.
B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
C. It can help you with consolidated financial reporting.
D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
E. It can help you understand true margins and value added by internal business units through the internal supply chain.

Answer: C,D,E

Explanation:
Reference:

NEW QUESTION # 55
You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

A. Cost Scenario
B. Routes
C. Orders
D. Trade Operation
E. Charge Name

Answer: D

Explanation:
Reference:

NEW QUESTION # 56
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
B. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
C. Copy and rename predefined subledger journal entry rule sets before modifying them.
D. Use a different journal entry rule set for each ledger with a different accounting convention.
E. Journal entry rule sets do not require accounting rules.

Answer: A,B

Explanation:
Reference:

NEW QUESTION # 57
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