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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Output Costs
B. Variable Costs
C. Standard Cost variances
D. Input Costs
E. Incremental Costs
F. Scrap Costs

Answer: A,C,D,F

Explanation:
Reference:

NEW QUESTION # 49
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A. Inventory Valuation Report
B. Revenue and COGS Matching Report
C. Inventory Account Balances Report
D. Costing Balances Report

Answer: A,D

Explanation:
Reference:

NEW QUESTION # 50
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
B. Create the cost in Manage Cost Scenarios.
C. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
D. This requirement will already be met by the default data generated when using Quick Setup.

Answer: D

Explanation:
Reference:

NEW QUESTION # 51
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. 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.
B. The application will generate an error because there are two work definitions for the same item.
C. The cost planning scenario will use both work definitions for the item.
D. The application will use the work definition that is named Plan B.
E. The scenario will choose the work definition that is production priority 1.

Answer: E

Explanation:
Reference:

NEW QUESTION # 52
Which two outcomes can happen in create accounting when an account combination returned is end dated?

A. An error will always occur.
B. Suspense accounts cannot be used.
C. The preprocessor will pre-warn about this error.
D. The original account is stored on the journal line.
E. An alternate account will be used if provided.

Answer: D,E

Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

NEW QUESTION # 53
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