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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
B) This requirement will already be met by the default data generated when using Quick Setup.
C) Create the cost in Manage Cost Scenarios.
D) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

2. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with specific unit numbers
B) Work definitions with the highest production priority
C) Work definitions without alternates
D) Work definitions with the lowest production priority
E) Work definitions with the highest costing priority

3. Select the two valid relationships between subledger components.

A) The accounting method holds the accounting rules by Event Class and Event Type.
B) Journal entry rules are used to hold accounting rules.
C) The accounting method groups journal entry rule sets by Event Class and Event Type.
D) Journal entry rule sets hold journal rules and accounting rules.
E) The journal lines hold the journal entry rule sets.

4. Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
B) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
C) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
D) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
E) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
F) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

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) Close Pending
B) Closed
C) Never Opened
D) Permanently Closed
E) Open

Solutions: