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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two characteristics of a cost profile.

A) It is used for calculating the estimated cost of manufactured items under different scenarios.
B) It is where you define which cost method you want to use for the cost component to cost element mapping.
C) It is used for Receipt Accounting.
D) It is where you define your Cost Accounting policies.

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

3. Which three features are included in Receipt Accounting?

A) Create Receipt Accounting Distribution
B) Review Journal Entries
C) Analyze Standard Purchase Cost Variances
D) Review Item Costs
E) Adjust Receipt Accrual Clearing Balances

4. Identify two characteristics of Landed Cost charge names.

A) Charge names cannot be used to tie an invoice to a trade operation.
B) Duty is a seeded charge name for Landed Cost.
C) You can modify a charge name until it is associated with a trade operation.
D) You can use multiple currencies within a trade operation for the same charge name on different lines.
E) Charge names cannot be associated with a PO schedule.

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) Open
E) Permanently Closed

Solutions: