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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q71-Q76):

NEW QUESTION # 71
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A. Query the transaction from Review Cost Accounting Distributions to see the error message.
B. Review errors in the Create Accounting Execution log.
C. Refer to the Accounting Event Diagnostic Log.
D. Review errors in the Create Accounting Execution report.
E. Refer to the Accounting Event Diagnostic report.

Answer: A,D,E

Explanation:
Reference:

NEW QUESTION # 72
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the highest production priority
B. Work definitions with specific unit numbers
C. Work definitions with the lowest production priority
D. Work definitions without alternates
E. Work definitions with the highest costing priority

Answer: A,E

Explanation:
Reference:

NEW QUESTION # 73
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
B. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
C. Event Class: Expense Accrual Event Type: Period End Accrual
D. Event Class: Period End Accrual Event Type: Period End Accrual
E. Event Class: Expense Accrual Event Type: Expense Accrual

Answer: D

Explanation:
Reference:

NEW QUESTION # 74
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A. The accounting method may only be used by ledgers without a COA.
B. The accounting method can be assigned to any ledger.
C. The accounting method must have a mapping set to convert the accounts.
D. Any secondary ledger that uses the method cannot have a COA.
E. Accounting rules cannot override the accounting method.

Answer: B

Explanation:
Reference:

NEW QUESTION # 75
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
E. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

Answer: E

Explanation:
Reference:

NEW QUESTION # 76
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