- Exam Code: 1Z0-1074-26
- Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
- Updated: Aug 12, 2026
- Q & A: 82 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting | 25% | - Process and analyze costs
|
| Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
|
| Security and Inventory Configuration | 5% | - Configure inventory costing parameters
|
| Standard Cost Management | 15% | - Analyze standard cost variances
|
| Landed Cost Management | 15% | - Configure Landed Cost
|
| Receipt Accounting | 20% | - Configure Receipt Accounting
|
| Subledger Accounting | 10% | - Configure accounting rules
|
1. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?
A) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
B) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
C) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
D) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
E) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
2. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)
A) Query the transaction from Review Cost Accounting Distributions to see the error message.
B) Review errors in the Create Accounting Execution log.
C) Refer to the Accounting Event Diagnostic report.
D) Refer to the Accounting Event Diagnostic Log.
E) Review errors in the Create Accounting Execution report.
3. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
A) Receipt costs; costs include adjustments.
B) Purchase order costs; item catalog costs can be used.
C) Requisition costs; validated costs can be used.
D) Payables invoices; invoice price variance can be added to item cost.
E) Receivables invoices; actual cost can be used.
4. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
A) You can streamline your setup effort.
B) You don't have to create any definitions for cost books.
C) You can share definitions across multiple cost organizations.
D) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
E) You have the option to share setup data across all cost organizations using the common set.
F) You can control which definitions are visible to different cost organizations
5. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C) They must create their valuation units manually.
D) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C,E | Question # 3 Answer: D | Question # 4 Answer: A,C,D,E | Question # 5 Answer: A |
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