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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Cost Processing	- Cost distribution and adjustments - Material cost accounting - Resource and overhead costing
Topic 2: Setup and Configuration	- Inventory valuation and accounting setup - Subledger accounting configuration - Cost organization and cost book setup
Topic 3: Cost Analysis and Reporting	- Cost reports and inquiries - Cost reconciliation and variance analysis
Topic 4: Integration with Oracle Cloud Applications	- Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting
Topic 5: Cost Management Overview	- Costing methods and principles - Cost accounting concepts in Oracle Cloud

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q33-Q38):

NEW QUESTION # 33
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A. You can control which definitions are visible to different cost organizations
B. You have the option to share setup data across all cost organizations using the common set.
C. You can share definitions across multiple cost organizations.
D. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
E. You don't have to create any definitions for cost books.
F. You can streamline your setup effort.

Answer: B,C,D,F

Explanation:
Reference:

NEW QUESTION # 34
You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Subinventory. Lot, Serial, Grade
B. Grade, Subinventory, Locator, Serial
C. Subinventory, Make, Lot, Serial
D. Grade, Serial, Group, Lot
E. Subinventory, Lot, Serial, Locator

Answer: A

Explanation:
Reference:

NEW QUESTION # 35
Which two types of costs are included in the cost of contract manufactured items?

A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D. The cost of resources consumed at the OEM's factory
E. The cost of the contract manufacturing service Item. This is the price that the contract

Answer: A,B

Explanation:
Reference:

NEW QUESTION # 36
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A. Extract distribution accounting entries.
B. Write a custom report.
C. Turn on detailed posting for GL in the ledger setup.
D. Turn off the summarize flag in the journal line rule.
E. Turn off merge matching lines in the journal line rule.

Answer: E

Explanation:
Reference:

NEW QUESTION # 37
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A. Never Opened
B. Permanently Closed
C. Closed
D. Open
E. Close Pending

Answer: C

Explanation:
Reference:

NEW QUESTION # 38
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