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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q59-Q64):

NEW QUESTION # 59
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Retro-reprice
B. In-transit
C. Overhead
D. Cost of Goods Sold
E. Adjustments

Answer: B

Explanation:
Cost Accounting Processor processes is consisted of Physical inventory transactions andTrade transactions. Trade Accounting Processor to process all in-transit transactions.
Reference:

NEW QUESTION # 60
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Accounts Payable role for the correct inventory organization.
B. Create Data Access on the Cost Accountant role for the correct cost organization.
C. Create Data Access on the Cost Accountant role for the correct inventory organization.
D. Create Data Access on the Accounts Payable role for the correct cost organization.

Answer: B

Explanation:
Reference:

NEW QUESTION # 61
Identify three characteristics of cost component to cost element mapping.

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

Answer: A,C,E

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

NEW QUESTION # 62
Identify four characteristics of a cost element.

A. The mapping of cost components into cost elements is user-defined.
B. It is user-defined.
C. It uses date effectivity.
D. It is the granularity at which costs are tracked and accounted.
E. Users can define any number of cost elements.
F. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

Answer: A,B,C,F

Explanation:
Reference:

NEW QUESTION # 63
A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When using ledgers that have unique accounting requirements
B. When using segment rules
C. When using account combination rules
D. Every accounting method should have a COA.
E. When account combination rules use constants

Answer: B,D

Explanation:
Reference:

NEW QUESTION # 64
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