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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q69-Q74):

NEW QUESTION # 69
Identify three characteristics of cost component to cost element mapping.

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

Answer: A,C,D

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

NEW QUESTION # 70
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A. Payables invoices; invoice price variance can be added to item cost.
B. Receipt costs; costs include adjustments.
C. Purchase order costs; item catalog costs can be used.
D. Receivables invoices; actual cost can be used.
E. Requisition costs; validated costs can be used.

Answer: A

Explanation:
Reference:

NEW QUESTION # 71
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A. The cost planning scenario will use both work definitions for the item.
B. The scenario will choose the work definition that is production priority 1.
C. The application will generate an error because there are two work definitions for the same item.
D. The application will use the work definition that is named Plan B.
E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Answer: B

Explanation:
Reference:

NEW QUESTION # 72
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
C. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
D. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E. Run the "Activate Accounting Methods" process.

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 73
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A. It must always use the work definition with the October 1, 2015 effective date.
B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
C. It will use the work definition with the January 2, 2016 effective date.
D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: D

Explanation:
Reference:

NEW QUESTION # 74
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