Oracle Cost Management Cloud 2026 Implementation Professional: 1Z0-1074-26 Exam
"Oracle Cost Management Cloud 2026 Implementation Professional", also known as 1Z0-1074-26 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 82 Q&As to your 1Z0-1074-26 Exam preparation. In the 1Z0-1074-26 exam resources, you will cover every field and category in Oracle Cloud Certification helping to ready you for your successful Oracle Certification.
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- Exam Code: 1Z0-1074-26
- Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
- Certification Provider: Oracle
- Corresponding Certification: Oracle Cloud
- Updated: Oct 11, 2026
- No. of Questions: 82 Questions & Answers with Testing Engine
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Management Overview | - Cost accounting concepts in Oracle Cloud - Costing methods and principles |
| Topic 2: Setup and Configuration | - Cost organization and cost book setup - Subledger accounting configuration - Inventory valuation and accounting setup |
| Topic 3: Cost Processing | - Cost distribution and adjustments - Resource and overhead costing - Material cost accounting |
| Topic 4: Cost Analysis and Reporting | - Cost reconciliation and variance analysis - Cost reports and inquiries |
| Topic 5: Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Identify two ways that standard cost is calculated.
- A. Users must manually enter the cost of each configured item; the calculation is not automated.
- B. The cost of a configured item is calculated based on the work definition of the model item.
- C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- D. The standard cost is the sum of the cost of the selected option items.
- E. The standard cost of the configured item is based on the purchase order price quoted by the
Correct Answer: C,D 🗳️
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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 Receipt Accounting processes that show whether any processes failed and why.
- B. Review their audit receipt accrual clearing balances.
- C. Review their accrual balances and clear them.
- D. 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.
- E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
Correct Answer: C,D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Transfer transactions from Receiving to Costing.
- B. Execute the Preprocessor.
- C. Activate its journal entry rule set assignments.
- D. Create Accounting.
- E. Transfer costs to Cost Management.
Correct Answer: C 🗳️
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Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Review Work Order Costs
- B. Management Cost Accounting Periods
- C. Review Item Costs
- D. Manage Resource Rates
- E. Analyzing and Comparing Costs
- F. Estimating Standard Costs for Assemblies
Correct Answer: D,E,F 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
Which three features are included in Receipt Accounting?
- A. Analyze Standard Purchase Cost Variances
- B. Create Receipt Accounting Distribution
- C. Review Item Costs
- D. Review Journal Entries
- E. Adjust Receipt Accrual Clearing Balances
Correct Answer: B,D,E 🗳️
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