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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Setup and Configuration | - Cost organizations and cost profiles setup
- Cost component definitions and mappings
- Cost methods and valuation structures
|
| Topic 2: Inventory and Costing Processes | - Inventory transactions cost processing
- Work in process (WIP) cost flows
- Receipt accounting and cost updates
|
| Topic 3: Cost Accounting and Distribution | - Subledger accounting integration
- Cost accounting distributions
|
| Topic 4: Period Close and Reporting | - Cost reports and reconciliation
- Cost period close process
|
| Topic 5: Cost Management Cloud Overview | - Application architecture and key components
- Cost accounting fundamentals in Oracle Cloud
|
| Topic 6: Troubleshooting and Best Practices | - Common configuration issues
- Performance and reconciliation best practices
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. Identify the four types of cost adjustments.
A) Authorized users can manually create cost adjustments.
B) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
C) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
D) A standard cost update will create an inventory value adjustment.
E) A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
2. 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.
3. Identify two characteristics of Landed Cost charge names.
A) You can use multiple currencies within a trade operation for the same charge name on different lines.
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) Duty is a seeded charge name for Landed Cost.
E) Charge names cannot be used to tie an invoice to a trade operation.
4. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
A) Receipt number
B) Internal requisition number
C) Expense invoice number
D) Shipment number
E) Bill of Lading
5. 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) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
C) The liability for a consigned item occurs when there is an ownership event.
D) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
E) The quantity is tracked in inventory but not as an asset until there is an ownership event
F) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
Solutions:
Question # 1 Answer: A,B,C,D | Question # 2 Answer: A | Question # 3 Answer: A,B | Question # 4 Answer: D,E | Question # 5 Answer: A,C,D,F |