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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Management Overview | - Costing methods and principles - Cost accounting concepts in Oracle Cloud |
| Cost Analysis and Reporting | - Cost reports and inquiries - Cost reconciliation and variance analysis |
| Setup and Configuration | - Inventory valuation and accounting setup - Cost organization and cost book setup - Subledger accounting configuration |
| Cost Processing | - Resource and overhead costing - Material cost accounting - Cost distribution and adjustments |
| Integration with Oracle Cloud Applications | - Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
A) It is only used when you do not need to maintain an arm's length relationship.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It can help you with consolidated financial reporting.
D) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
E) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
2. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
A) You have the option to share setup data across all cost organizations using the common set.
B) You can share definitions across multiple cost organizations.
C) You can streamline your setup effort.
D) You can control which definitions are visible to different cost organizations
E) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
F) You don't have to create any definitions for cost books.
3. Identify two characteristics of Landed Cost charge names.
A) You can modify a charge name until it is associated with a trade operation.
B) Charge names cannot be used to tie an invoice to a trade operation.
C) Duty is a seeded charge name for Landed Cost.
D) Charge names cannot be associated with a PO schedule.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.
4. Which two steps need to be completed to estimate landed costs?
A) Allocate charges
B) Transfer transactions from the Payables to the Costing process.
C) Prepare the Material Purchase Order Data process.
D) Update standard costs.
E) Transfer transactions from the Inventory to the Costing process.
5. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
A) Open
B) Permanently Closed
C) Never Opened
D) Closed
E) Close Pending
Solutions:
| Question # 1 Answer: B,C,D | Question # 2 Answer: A,B,C,E | Question # 3 Answer: A,E | Question # 4 Answer: A,C | Question # 5 Answer: D |




