Oracle Cost Management Cloud 2026 Implementation Professional : 1Z0-1074-26 exam

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which three features are included in Receipt Accounting?

A) Review Item Costs
B) Review Journal Entries
C) Adjust Receipt Accrual Clearing Balances
D) Create Receipt Accounting Distribution
E) Analyze Standard Purchase Cost Variances

2. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Account Class must be set to Freight.
B) Create a condition for a journal line for freight.
C) Line Type must be set to Freight.
D) Sub ledger accounting is set up to accomplish this out-of-the-box.

3. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
C) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D) They must create their valuation units manually.

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

5. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Outstanding purchase orders have not been received.
B) The item has no on-hand inventory.
C) The assembly item is marked as Perpetual Average costed.
D) Burdens have not been established for the item
E) The Work Definition is incomplete.

Solutions: