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

1Z0-1074-26 real exams

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
Topic 1: Cost Processing- Cost distribution and adjustments
- Material cost accounting
- Resource and overhead costing
Topic 2: Setup and Configuration- Cost organization and cost book setup
- Subledger accounting configuration
- Inventory valuation and accounting setup
Topic 3: Cost Analysis and Reporting- Cost reconciliation and variance analysis
- Cost reports and inquiries
Topic 4: Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Topic 5: Cost Management Overview- Cost accounting concepts in Oracle Cloud
- Costing methods and principles

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #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. Costing -Receipt Accounting Real Time
  • B. Receipt Accounting-- Receipt Accounting Transactions Real Time
  • C. Receipt Accounting- Receipt Accounting Distributions Real Time
  • D. Financials-Subledger Accounting-Detail Transactions
  • E. Costing-Cost Accounting Real Time
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  • A. Business Unit and Inventory Organization
  • B. Inventory Organization and Cost Organization
  • C. Legal Entity and Cost Organization
  • D. Business Unit and Cost Organization
  • E. Business Unit and Legal Entity
  • F. Inventory Organization and Legal Entity
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Identify two ways that standard cost is calculated.

  • A. The cost of a configured item is calculated based on the work definition of the model item.
  • B. The standard cost is the sum of the cost of the selected option items.
  • C. Users must manually enter the cost of each configured item; the calculation is not automated.
  • D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
  • E. The standard cost of the configured item is based on the purchase order price quoted by the
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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Question #4

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 actual cost of the work order after it is completed.
  • C. It is based on the material and resource requirements of a released work order.
  • D. The standard cost of a model item is calculated.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

  • A. Open
  • B. Close Pending
  • C. Never Opened
  • D. Permanently Closed
  • E. Closed
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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