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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting | 25% | - Process and analyze costs
|
| Topic 2: Receipt Accounting | 20% | - Configure Receipt Accounting
|
| Topic 3: Security and Inventory Configuration | 5% | - Set up access control
|
| Topic 4: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
|
| Topic 5: Standard Cost Management | 15% | - Define and maintain standard costs
|
| Topic 6: Subledger Accounting | 10% | - Review accounting entries
|
| Topic 7: Landed Cost Management | 15% | - Configure Landed Cost
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- B. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- C. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- D. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- E. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
Correct Answer: C 🗳️
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Which two types of costs are included in the cost of contract manufactured items?
- A. 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
- B. 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
- C. The cost of the contract manufacturing service Item. This is the price that the contract
- D. The cost of resources consumed at the OEM's factory
- E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
Correct Answer: A,B 🗳️
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Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Input Costs
- B. Scrap Costs
- C. Output Costs
- D. Variable Costs
- E. Incremental Costs
- F. Standard Cost variances
Correct Answer: A,B,C,F 🗳️
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Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
- B. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
- C. It only affects whether or not you can process a cost adjustment.
- D. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
Correct Answer: D 🗳️
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Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Close the August period; you can never have two open periods at the same time.
- B. Change the number of maximum open periods in Manage Cost Organization Relationships
- C. Perform cost account validations for August in Manage Cost Accounting Periods
- D. Run the Transfer Transactions to Costing process.
Correct Answer: B 🗳️
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