Oracle 1Z0-1074-26 Exam Questions : Oracle Cost Management Cloud 2026 Implementation Professional

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

2. At what level can you define item cost profiles?

A) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

3. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) The accounting method may only be used by ledgers without a COA.
B) Any secondary ledger that uses the method cannot have a COA.
C) The accounting method can be assigned to any ledger.
D) Accounting rules cannot override the accounting method.
E) The accounting method must have a mapping set to convert the accounts.

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

A) 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
B) The cost of the contract manufacturing service Item. This is the price that the contract
C) 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
D) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
E) The cost of resources consumed at the OEM's factory

5. 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 is one of the attributes you define as part of your cost profile definitions.
C) It lets you define how cost component level costs will map into cost elements.
D) It is user-defined.
E) You cannot modify, duplicate, or create user-defined cost components.

Solutions: