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

"Oracle Cost Management Cloud 2026 Implementation Professional", also known as 1Z0-1074-26 exam, is a Oracle Certification. With the complete collection of questions and answers, UpdateDumps has assembled to take you through 82 Q&As to your 1Z0-1074-26 Exam preparation. In the 1Z0-1074-26 exam resources, you will cover every field and category in Oracle Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Updated on: Aug 16, 2026
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  • Updated on: Aug 16, 2026
  • No. of Questions: 82 Questions & Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

A) Business Unit and Legal Entity
B) Inventory Organization and Cost Organization
C) Legal Entity and Cost Organization
D) Business Unit and Inventory Organization
E) Inventory Organization and Legal Entity
F) Business Unit and Cost Organization


2. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A) Accrual Supplier Liability Report
B) Receipt Accounting Real Time Report
C) Uninvoiced Receipt Accrual Report
D) Accrual Reconciliation Report
E) Accrual Clearing Report


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

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


4. What are three cost method choices that are available in Cost Accounting?

A) Perpetual average cost
B) Periodic average cost
C) Period end average cost
D) Actual cost (FIFO or First In First Out)
E) Standard cost
F) Actual cost (LIFO or Last In First Out)


5. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
B) Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
C) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
D) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
E) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
F) Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".


Solutions:

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

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