Quiz Oracle - Latest 1Z0-1074-26 - Oracle Cost Management Cloud 2026 Implementation Professional Test Passing Score

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Cost Analysis and Reporting	- Cost reports and inquiries - Cost reconciliation and variance analysis
Topic 2: Integration with Oracle Cloud Applications	- Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting
Topic 3: Cost Management Overview	- Cost accounting concepts in Oracle Cloud - Costing methods and principles
Topic 4: Setup and Configuration	- Cost organization and cost book setup - Inventory valuation and accounting setup - Subledger accounting configuration
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 (Q30-Q35):

NEW QUESTION # 30
Identify two purposes of Sub ledger Accounting.

A. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
B. to maintain backward compatibility
C. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
D. to centralize accounting string generation across all modules
E. to calculate costs for transactions

Answer: A,E

Explanation:
Reference:

NEW QUESTION # 31
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
B. The quantity is tracked in inventory but not as an asset until there is an ownership event
C. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
D. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
E. The liability for a consigned item occurs when there is an ownership event.
F. There is no difference between owned inventory and consigned inventory.

Answer: A,D,E,F

Explanation:
Reference:

NEW QUESTION # 32
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Material Receipts
B. Trade Operation Template
C. PreReference Types
D. Charge Names
E. Routes

Answer: C

Explanation:
Reference:

NEW QUESTION # 33
At what level can you define item cost profiles?

A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
D. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

Answer: D

Explanation:
Reference:

NEW QUESTION # 34
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
B. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
C. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
E. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

Answer: E

Explanation:
Reference:

NEW QUESTION # 35
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