Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
| Topic 2: Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud |
| Topic 3: Inventory and Costing Processes | - Inventory transactions cost processing - Receipt accounting and cost updates - Work in process (WIP) cost flows |
| Topic 4: Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
| Topic 5: Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Topic 6: Setup and Configuration | - Cost component definitions and mappings - Cost methods and valuation structures - Cost organizations and cost profiles setup |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Question #1
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
A. Transfer to Sub ledger Accounting.
B. Transfer transactions from payables.
C. Assign accruals to purchase order transactions.
D. Transfer transactions from receiving.
E. Create distributions.
Question #2
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
B. Review their audit receipt accrual clearing balances.
C. Review their Receipt Accounting processes that show whether any processes failed and why.
D. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
E. Review their accrual balances and clear them.
Question #3
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
A. Costing Balances Report
B. Revenue and COGS Matching Report
C. Inventory Valuation Report
D. Inventory Account Balances Report
Question #4
Which statement is true regarding the cost cutoff date in Cost Accounting?
A. 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.
B. It only affects whether or not you can process a cost adjustment.
C. 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.
D. 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.
Question #5
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. Cost Accounting
C. Inventory Management
D. Landed Cost Management
E. Receipt Accounting
Solutions:
| Question #1 Correct Answer: E | Question #2 Correct Answer: A,E | Question #3 Correct Answer: A,C | Question #4 Correct Answer: C | Question #5 Correct Answer: C |
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