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

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. 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.

2. Identify four characteristics of a cost element.

A) It is the granularity at which costs are tracked and accounted.
B) The mapping of cost components into cost elements is user-defined.
C) It uses date effectivity.
D) Users can define any number of cost elements.
E) It is user-defined.
F) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

3. At what level can you define item cost profiles?

A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
C) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

4. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It must always use the work definition with the October 1, 2015 effective date.
B) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
C) It will use the work definition with the January 2, 2016 effective date.
D) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

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

A) Inventory Valuation Report
B) Cost Accounting Valuation Report
C) Costing Account Balances Report
D) Work in Process Inventory Valuation Report
E) In-transit Valuation Report
F) Layer Inventory Valuation Report
G) COGS and Revenue Matching Report

Solutions: