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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Inventory and Costing Processes- Receipt accounting and cost updates
- Inventory transactions cost processing
- Work in process (WIP) cost flows
Topic 2: Troubleshooting and Best Practices- Performance and reconciliation best practices
- Common configuration issues
Topic 3: Cost Management Cloud Overview- Cost accounting fundamentals in Oracle Cloud
- Application architecture and key components
Topic 4: Setup and Configuration- Cost methods and valuation structures
- Cost component definitions and mappings
- Cost organizations and cost profiles setup
Topic 5: Period Close and Reporting- Cost reports and reconciliation
- Cost period close process
Topic 6: Cost Accounting and Distribution- Cost accounting distributions
- Subledger accounting integration

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

  • A. Create Data Access on the Cost Accountant role for the correct cost organization.
  • B. Create Data Access on the Accounts Payable role for the correct cost organization.
  • C. Create Data Access on the Accounts Payable role for the correct inventory organization.
  • D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

  • A. Create Data Access on the Cost Accountant role for the correct cost organization.
  • B. Create Data Access on the Accounts Payable role for the correct cost organization.
  • C. Create Data Access on the Accounts Payable role for the correct inventory organization.
  • D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

  • A. Charge Name
  • B. Cost Scenario
  • C. Trade Operation
  • D. Routes
  • E. Orders
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

  • A. Rule sets not associated with any chart of accounts
  • B. Rule sets that have a mapping set to convert the accounts
  • C. Rule sets where the accounting rules override the method rule set
  • D. Rule sets that use the same chart of accounts
  • E. Rule sets assigned to a secondary ledger with a different COA
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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

In which two scenarios would you define account rules based on value sets?

  • A. When a secondary ledger has a different COA
  • B. When a chart of accounts is assigned to the value set definition
  • C. In the absence of a chart of accounts on the accounting method
  • D. If a segment shares the same value set across multiple chart of accounts
  • E. When there is a mapping set to convert the accounts
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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

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