Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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 |
| Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing |
| Cost Management Overview | - Cost accounting concepts in Oracle Cloud - Costing methods and principles |
| Cost Processing | - Cost distribution and adjustments - Material cost accounting - Resource and overhead costing |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Costing Account Balances Report
- B. Layer Inventory Valuation Report
- C. Cost Accounting Valuation Report
- D. Inventory Valuation Report
- E. COGS and Revenue Matching Report
- F. Work in Process Inventory Valuation Report
- G. In-transit Valuation Report
Correct Answer: A,B,D,G 🗳️
Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).
Identify two characteristics of Landed Cost charge names.
- A. Duty is a seeded charge name for Landed Cost.
- B. You can modify a charge name until it is associated with a trade operation.
- C. Charge names cannot be associated with a PO schedule.
- D. Charge names cannot be used to tie an invoice to a trade operation.
- E. You can use multiple currencies within a trade operation for the same charge name on different lines.
Correct Answer: B,E 🗳️
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You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- E. Run the "Activate Accounting Methods" process.
Correct Answer: C,D 🗳️
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 can help you understand true margins and value added by internal business units through the internal supply chain.
- B. It can help you with consolidated financial reporting.
- C. 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.
- D. It is only used when you do not need to maintain an arm's length relationship.
- 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 different business units.
Correct Answer: A,B,E 🗳️
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Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An error will always occur.
- B. The original account is stored on the journal line.
- C. The preprocessor will pre-warn about this error.
- D. An alternate account will be used if provided.
- E. Suspense accounts cannot be used.
Correct Answer: B,D 🗳️
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