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

  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 31, 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
Cost Processing- Material cost accounting
- Cost distribution and adjustments
- Resource and overhead costing
Setup and Configuration- Subledger accounting configuration
- Cost organization and cost book setup
- Inventory valuation and accounting setup
Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Cost Management Overview- Cost accounting concepts in Oracle Cloud
- Costing methods and principles

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question 1

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Create Accounting.
B. Activate its journal entry rule set assignments.
C. Transfer transactions from Receiving to Costing.
D. Transfer costs to Cost Management.
E. Execute the Preprocessor.


Question 2

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


Question 3

Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
B. Review their Receipt Accounting processes that show whether any processes failed and why.
C. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
D. Review their accrual balances and clear them.
E. Review their audit receipt accrual clearing balances.


Question 4

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


Question 5

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Change the number of maximum open periods in Manage Cost Organization Relationships
B. Run the Transfer Transactions to Costing process.
C. Perform cost account validations for August in Manage Cost Accounting Periods
D. Close the August period; you can never have two open periods at the same time.


Solutions:

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

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