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 #1

Identify two characteristics of a cost profile.

A. It is where you define which cost method you want to use for the cost component to cost element mapping.

B. It is used for Receipt Accounting.

C. It is used for calculating the estimated cost of manufactured items under different scenarios.

D. It is where you define your Cost Accounting policies.

Discussion 0

Correct Answer: B,D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #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 the highest costing priority

B. Work definitions without alternates

C. Work definitions with the lowest production priority

D. Work definitions with specific unit numbers

E. Work definitions with the highest production priority

Discussion 0

Correct Answer: A,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #3

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A. Debit Receiving Inspection, Credit Accrued Liability

B. Debit Expense, Credit Receiving Inspection

C. Debit Charge Account (expense or inventory), Credit Receiving Inspection

D. Debit Expense, Credit Expense Accrual

E. Debit Accrued Liability, Credit Accounts Payable

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #4

Identify two characteristics of an expense pool. (Choose two.)

A. It is used only for analyzing gross margins on noninventory sales of services.

B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

D. You can define the name of your expense pool, but you cannot define more than one.

Discussion 0

Correct Answer: B,C Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #5

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Estimating Standard Costs for Assemblies

B. Review Work Order Costs

C. Review Item Costs

D. Analyzing and Comparing Costs

E. Manage Resource Rates

F. Management Cost Accounting Periods

Discussion 0

Correct Answer: A,D,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #6

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can't you see this process?

A. Purchase order information should not be imported into Receipt Accounting.

B. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

C. You do not have the role to import purchase order information into Receipt Accounting.

D. Purchase order information is automatically sent to Receipt Accounting using a real-time method

E. This process can only be scheduled and run from the Receipt Accounting work area

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #7

Which three tasks can be completed in the Receipt Accounting work area?

A. Create Accounting

B. Review Item Costs

C. Manage Accrual Clearing Rules

D. Review Cost Accounting Distributions

E. Create Receipt Accounting Distributions

F. Review and Approve Item Cost Profiles

Discussion 0

Correct Answer: C,D,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #8

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A. Item Costs

B. Work Order Costs

C. Inventory Valuation

D. Journal Entries

E. Cost Processing

F. Purchase Variance Summary

Discussion 0

Correct Answer: B,C,F Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #9

Identify four characteristics of a cost element.

A. It is the granularity at which costs are tracked and accounted.

B. Users can define any number of cost elements.

C. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

D. It is user-defined.

E. The mapping of cost components into cost elements is user-defined.

F. It uses date effectivity.

Discussion 0

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

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Download Free Oracle 1Z0-1074-26 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-1074-26 exam.