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

1Z0-1074-26 Exam Questions
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Oct 07, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Troubleshooting and Best Practices- Common configuration issues
- Performance and reconciliation best practices
Cost Accounting and Distribution- Cost accounting distributions
- Subledger accounting integration
Inventory and Costing Processes- Work in process (WIP) cost flows
- Receipt accounting and cost updates
- Inventory transactions cost processing
Period Close and Reporting- Cost period close process
- Cost reports and reconciliation
Cost Management Cloud Overview- Application architecture and key components
- Cost accounting fundamentals in Oracle Cloud
Setup and Configuration- Cost organizations and cost profiles setup
- Cost component definitions and mappings
- Cost methods and valuation structures

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

Which two steps need to be completed to estimate landed costs?

  • A. Transfer transactions from the Payables to the Costing process.
  • B. Prepare the Material Purchase Order Data process.
  • C. Update standard costs.
  • D. Transfer transactions from the Inventory to the Costing process.
  • E. Allocate charges
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

Question #2

Which two types of costs are included in the cost of contract manufactured items?

  • A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
  • B. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
  • C. The cost of the contract manufacturing service Item. This is the price that the contract
  • D. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
  • E. The cost of resources consumed at the OEM's factory
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #3

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

  • A. Debit Receiving Inspection, Credit Accrued Liability
  • B. Debit Accrued Liability, Credit Accounts Payable
  • C. Debit Charge Account (expense or inventory), Credit Receiving Inspection
  • D. Debit Expense, Credit Receiving Inspection
  • E. Debit Expense, Credit Expense Accrual
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

Question #4

Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

  • A. Work in Process Inventory Valuation Report
  • B. Layer Inventory Valuation Report
  • C. In-transit Valuation Report
  • D. Cost Accounting Valuation Report
  • E. Inventory Valuation Report
  • F. Costing Account Balances Report
  • G. COGS and Revenue Matching Report
Reveal Solution  Discussion  0

Correct Answer: B,C,E,F  🗳️

Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

Question #5

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

  • A. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
  • B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
  • C. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
  • D. Run the "Activate Accounting Methods" process.
  • E. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
Reveal Solution  Discussion  0

Correct Answer: C,E  🗳️

Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

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