Free Oracle 1Z0-1074-26 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1074-26
Exam Name/Title: Oracle Cost Management Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 82
Updated On: Sep 28, 2026

Question #28

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A. Financials-Subledger Accounting-Detail Transactions

B. Receipt Accounting-- Receipt Accounting Transactions Real Time

C. Receipt Accounting- Receipt Accounting Distributions Real Time

D. Costing-Cost Accounting Real Time

E. Costing -Receipt Accounting Real Time

Discussion 0

Correct Answer: A Vote an answer

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Question #29

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

A. Actual cost (LIFO or Last In First Out)

B. Standard cost

C. Perpetual average cost

D. Period end average cost

E. Actual cost (FIFO or First In First Out)

F. Periodic average cost

Discussion 0

Correct Answer: A,C,E Vote an answer

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Question #30

Select the two valid relationships between subledger components.

A. The accounting method holds the accounting rules by Event Class and Event Type.

B. The accounting method groups journal entry rule sets by Event Class and Event Type.

C. Journal entry rule sets hold journal rules and accounting rules.

D. The journal lines hold the journal entry rule sets.

E. Journal entry rules are used to hold accounting rules.

Discussion 0

Correct Answer: C,E Vote an answer

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Question #31

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A. Journal entry rule sets do not require accounting rules.

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 class as the accounting method.

D. Copy and rename predefined subledger journal entry rule sets before modifying them.

E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.

Discussion 0

Correct Answer: C,E Vote an answer

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Question #32

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Trade Operation Template

B. Routes

C. Charge Names

D. Material Receipts

E. PreReference Types

Discussion 0

Correct Answer: E Vote an answer

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Question #33

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A. Burdens have not been established for the item

B. The Work Definition is incomplete.

C. The assembly item is marked as Perpetual Average costed.

D. Outstanding purchase orders have not been received.

E. The item has no on-hand inventory.

Discussion 0

Correct Answer: B,C Vote an answer

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Question #34

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Retro-reprice

B. Cost of Goods Sold

C. In-transit

D. Overhead

E. Adjustments

Discussion 0

Correct Answer: C Vote an answer

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Question #35

Which two steps need to be completed to estimate landed costs?

A. Allocate charges

B. Transfer transactions from the Inventory to the Costing process.

C. Update standard costs.

D. Transfer transactions from the Payables to the Costing process.

E. Prepare the Material Purchase Order Data process.

Discussion 0

Correct Answer: A,E Vote an answer

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Question #36

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A. Routes

B. Trade Operation

C. Reference Types

D. Trade Operation Templates

E. Charge Name

Discussion 0

Correct Answer: E Vote an answer

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