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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Trade Operation
B) Routes
C) Trade Operation Templates
D) Charge Name
E) Reference Types


2. 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) The cost planning scenario will use both work definitions for the item.
B) The application will generate an error because there are two work definitions for the same item.
C) 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.
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.


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

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


4. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets where the accounting rules override the method rule set
B) Rule sets that have a mapping set to convert the accounts
C) Rule sets not associated with any chart of accounts
D) Rule sets that use the same chart of accounts
E) Rule sets assigned to a secondary ledger with a different COA


5. In which two scenarios would you define account rules based on value sets?

A) When a chart of accounts is assigned to the value set definition
B) In the absence of a chart of accounts on the accounting method
C) When there is a mapping set to convert the accounts
D) When a secondary ledger has a different COA
E) If a segment shares the same value set across multiple chart of accounts


Solutions:

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

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