Oracle Cost Management Cloud 2026 Implementation Professional : 1Z0-1074-26

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) They must create their valuation units manually.
B) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
C) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

2. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A) Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
B) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
C) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
D) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
E) Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

3. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Use a different journal entry rule set for each ledger with a different accounting convention.
B) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) Journal entry rule sets do not require accounting rules.
E) The subledger journal entry rule set does not need the same accounting event class as the accounting method.

4. Which two types of costs are included in the cost of contract manufactured items?

A) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
B) The cost of the contract manufacturing service Item. This is the price that the contract
C) The cost of resources consumed at the OEM's factory
D) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
E) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

5. Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
B) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
C) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
D) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
E) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
F) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

Solutions: