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

Pass 1Z0-1074-26 Exam Cram

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Aug 26, 2026

Q & A: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:
SectionObjectives
Cost Analysis and Reporting- Cost reconciliation and variance analysis
- Cost reports and inquiries
Integration with Oracle Cloud Applications- Integration with Inventory and Manufacturing
- Integration with Financials and Subledger Accounting
Cost Management Overview- Costing methods and principles
- Cost accounting concepts in Oracle Cloud
Cost Processing- Resource and overhead costing
- Material cost accounting
- Cost distribution and adjustments
Setup and Configuration- Cost organization and cost book setup
- Subledger accounting configuration
- Inventory valuation and accounting setup
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A) Receipt Accounting- Receipt Accounting Distributions Real Time
B) Costing -Receipt Accounting Real Time
C) Costing-Cost Accounting Real Time
D) Receipt Accounting-- Receipt Accounting Transactions Real Time
E) Financials-Subledger Accounting-Detail Transactions


2. 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) 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."
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) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
E) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.


3. How is the standard cost of a manufactured configured item calculated?

A) The standard cost of a model item is calculated.
B) The standard cost is calculated for every possible combination of options under a model
C) It is based on the material and resource requirements of a released work order.
D) It is based on the actual cost of the work order after it is completed.


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


5. Identify two characteristics of Landed Cost charge names.

A) Charge names cannot be associated with a PO schedule.
B) You can modify a charge name until it is associated with a trade operation.
C) Duty is a seeded charge name for Landed Cost.
D) Charge names cannot be used to tie an invoice to a trade operation.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.


Solutions:

Question # 1
Answer: E
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: D,E
Question # 5
Answer: B,E

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