Oracle 1Z0-1074-26 : 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:

Question 1

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 valuation units so they just have to access those valuation units and make their changes.
B. They must create their valuation units manually.
C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D. They cannot change their current configuration; data generated by Quick Setup cannot be changed.

Question 2

You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Grade, Subinventory, Locator, Serial
B. Subinventory, Lot, Serial, Locator
C. Subinventory. Lot, Serial, Grade
D. Subinventory, Make, Lot, Serial
E. Grade, Serial, Group, Lot

Question 3

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. PreReference Types
B. Routes
C. Charge Names
D. Material Receipts
E. Trade Operation Template

Question 4

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. There is no difference between owned inventory and consigned inventory.
B. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
C. The quantity is tracked in inventory but not as an asset until there is an ownership event
D. The liability for a consigned item occurs when there is an ownership event.
E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
F. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

Question 5

Which two statements are true about Cost Accounting books? (Choose two.)

A. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
B. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
C. A cost organization has one book that posts to the primary ledger.
D. Every cost organization must use different book names; they cannot be shared.

Solutions: