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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets not associated with any chart of accounts
B) Rule sets that use the same chart of accounts
C) Rule sets that have a mapping set to convert the accounts
D) Rule sets assigned to a secondary ledger with a different COA
E) Rule sets where the accounting rules override the method rule set

2. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Costing Balances Report
B) Revenue and COGS Matching Report
C) Inventory Valuation Report
D) Inventory Account Balances Report

3. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

A) Create distributions.
B) Assign accruals to purchase order transactions.
C) Transfer transactions from receiving.
D) Transfer to Sub ledger Accounting.
E) Transfer transactions from payables.

4. Identify three characteristics of cost component to cost element mapping.

A) You can only define one cost component to cost element mapping for an installation.
B) It lets you define how cost component level costs will map into cost elements.
C) It is one of the attributes you define as part of your cost profile definitions.
D) You cannot modify, duplicate, or create user-defined cost components.
E) It is user-defined.

5. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A) This requirement will already be met by the default data generated when using Quick Setup.
B) Create the cost in Manage Cost Scenarios.
C) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
D) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

Solutions: