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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting | 25% | - Set up Cost Accounting
|
| Topic 2: Security and Inventory Configuration | 5% | - Set up access control
|
| Topic 3: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
|
| Topic 4: Landed Cost Management | 15% | - Process landed cost transactions
|
| Topic 5: Standard Cost Management | 15% | - Define and maintain standard costs
|
| Topic 6: Subledger Accounting | 10% | - Review accounting entries
|
| Topic 7: Receipt Accounting | 20% | - Configure Receipt Accounting
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. Use a different journal entry rule set for each ledger with a different accounting convention.
- C. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- D. Copy and rename predefined subledger journal entry rule sets before modifying them.
- E. Journal entry rule sets do not require accounting rules.
Correct Answer: A,C 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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.
Correct Answer: C 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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.
Correct Answer: D,E 🗳️
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Create Standard Cost in a spreadsheet.
- B. Manage the Standard Cost task.
- C. Manage the Item Cost task.
- D. Import standard costs from receipt layers.
Correct Answer: A,B 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Journal Entries
- B. Work Order Costs
- C. Inventory Valuation
- D. Purchase Variance Summary
- E. Item Costs
- F. Cost Processing
Correct Answer: B,C,D 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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