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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q15-Q20):

NEW QUESTION # 15
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A. Sub ledger accounting is set up to accomplish this out-of-the-box.
B. Account Class must be set to Freight.
C. Line Type must be set to Freight.
D. Create a condition for a journal line for freight.

Answer: B,C

Explanation:
Reference:

NEW QUESTION # 16
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

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

Answer: C,D,E,F

Explanation:
Reference:

NEW QUESTION # 17
Identify three characteristics of cost component to cost element mapping.

A. It lets you define how cost component level costs will map into cost elements.
B. You cannot modify, duplicate, or create user-defined cost components.
C. You can only define one cost component to cost element mapping for an installation.
D. It is one of the attributes you define as part of your cost profile definitions.
E. It is user-defined.

Answer: A,D,E

Explanation:
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96

NEW QUESTION # 18
Which two steps need to be completed to estimate landed costs?

A. Transfer transactions from the Payables to the Costing process.
B. Prepare the Material Purchase Order Data process.
C. Transfer transactions from the Inventory to the Costing process.
D. Update standard costs.
E. Allocate charges

Answer: B,E

Explanation:
Reference:

NEW QUESTION # 19
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Perform cost account validations for August in Manage Cost Accounting Periods
B. Run the Transfer Transactions to Costing process.
C. Change the number of maximum open periods in Manage Cost Organization Relationships
D. Close the August period; you can never have two open periods at the same time.

Answer: C

Explanation:
Reference:

NEW QUESTION # 20
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