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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q78-Q83):

NEW QUESTION # 78
What are three cost method choices that are available in Cost Accounting?

A. Perpetual average cost
B. Standard cost
C. Actual cost (LIFO or Last In First Out)
D. Actual cost (FIFO or First In First Out)
E. Periodic average cost
F. Period end average cost

Answer: A,C,D

Explanation:
Reference:

NEW QUESTION # 79
Identify two characteristics of Landed Cost charge names.

A. You can modify a charge name until it is associated with a trade operation.
B. Charge names cannot be associated with a PO schedule.
C. Duty is a seeded charge name for Landed Cost.
D. Charge names cannot be used to tie an invoice to a trade operation.
E. You can use multiple currencies within a trade operation for the same charge name on different lines.

Answer: A,E

Explanation:
Reference:

NEW QUESTION # 80
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A. Purchasing
B. Shipping
C. Financial Orchestration
D. Order Management
E. Inventory

Answer: C

Explanation:
Reference:

NEW QUESTION # 81
Identify two ways that standard cost is calculated.

A. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
B. Users must manually enter the cost of each configured item; the calculation is not automated.
C. The standard cost of the configured item is based on the purchase order price quoted by the
D. The standard cost is the sum of the cost of the selected option items.
E. The cost of a configured item is calculated based on the work definition of the model item.

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 82
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. Orders
B. Charge Name
C. Cost Scenario
D. Trade Operation
E. Routes

Answer: D

Explanation:
Reference:

NEW QUESTION # 83
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