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 #10

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A. Receipt number

B. Internal requisition number

C. Expense invoice number

D. Bill of Lading

E. Shipment number

Discussion 0

Correct Answer: D,E Vote an answer

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Question #11

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. Open

B. Never Opened

C. Close Pending

D. Closed

E. Permanently Closed

Discussion 0

Correct Answer: D Vote an answer

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Question #12

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of resources consumed at the OEM's factory

B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

C. The cost of the contract manufacturing service Item. This is the price that the contract

D. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Discussion 0

Correct Answer: B,D Vote an answer

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Question #13

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Product Model

B. Inventory Management

C. Cost Accounting

D. Receipt Accounting

E. Landed Cost Management

Discussion 0

Correct Answer: B Vote an answer

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Question #14

Identify three characteristics of cost component to cost element mapping.

A. You can only define one cost component to cost element mapping for an installation.

B. It lets you define how cost component level costs will map into cost elements.

C. It is one of the attributes you define as part of your cost profile definitions.

D. You cannot modify, duplicate, or create user-defined cost components.

E. It is user-defined.

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question #15

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A. Event Class: Expense Accrual Event Type: Expense Accrual

B. Event Class: Period End Accrual Event Type: Period End Accrual

C. Event Class: Expense Accrual Event Type: Period End Accrual

D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Discussion 0

Correct Answer: B Vote an answer

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Question #16

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Activate its journal entry rule set assignments.

B. Execute the Preprocessor.

C. Create Accounting.

D. Transfer transactions from Receiving to Costing.

E. Transfer costs to Cost Management.

Discussion 0

Correct Answer: A Vote an answer

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Question #17

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A. Item/Business Unit/Route

B. Item Catalog/Inventory Organization/Business Unit

C. Inventory Organization/Landed Cost Charge/Third Party Supplier

D. Item Category/Material Supplier/Landed Cost Charge

E. Business Unit/Landed Cost Charge/Cost Organization

Discussion 0

Correct Answer: B Vote an answer

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Question #18

Which four steps need to be completed to establish standard costs for a make item?

A. Create a new cost scenario

B. Run preprocessor

C. Export item costs

D. Complete cost roll-up

E. Add standard costs to a cost scenario

F. Publish costs

Discussion 0

Correct Answer: A,D,E,F Vote an answer

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