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Updated: Aug 15, 2026
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Cost Management Cloud 2026 Implementation Professional |
| Exam Number: | 1Z0-1074-26 |
| Available Languages: | English |
| Related Certifications: | Oracle Cost Management Cloud Implementation Professional |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Sample Questions: | Oracle 1Z0-1074-26 Sample Questions |
| Section | Objectives |
|---|---|
| Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration |
| Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
| Period Close and Reporting | - Cost reports and reconciliation - Cost period close process |
| Inventory and Costing Processes | - Inventory transactions cost processing - Receipt accounting and cost updates - Work in process (WIP) cost flows |
| Troubleshooting and Best Practices | - Common configuration issues - Performance and reconciliation best practices |
| Setup and Configuration | - Cost organizations and cost profiles setup - Cost methods and valuation structures - Cost component definitions and mappings |
1. Landed Cost Variance Analysis can be performed based on which three dimension combinations?
A) Item Category/Material Supplier/Landed Cost Charge
B) Inventory Organization/Landed Cost Charge/Third Party Supplier
C) Business Unit/Landed Cost Charge/Cost Organization
D) Item/Business Unit/Route
E) Item Catalog/Inventory Organization/Business Unit
2. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
A) Receipt Accounting-- Receipt Accounting Transactions Real Time
B) Costing -Receipt Accounting Real Time
C) Costing-Cost Accounting Real Time
D) Receipt Accounting- Receipt Accounting Distributions Real Time
E) Financials-Subledger Accounting-Detail Transactions
3. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
A) Activate its journal entry rule set assignments.
B) Transfer costs to Cost Management.
C) Transfer transactions from Receiving to Costing.
D) Create Accounting.
E) Execute the Preprocessor.
4. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
A) Run the Create Cost Accounting Distribution process with the following parameters:
B) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
C) Run the Create Accounting for Costing process with the following parameters:
D) Run the Create Accounting for Costing process with the following parameters:
E) Run the Create Cost Accounting Distribution process with the following parameters:
5. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) Every accounting method should have a COA.
B) When account combination rules use constants
C) When using account combination rules
D) When using ledgers that have unique accounting requirements
E) When using segment rules
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: E | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A,E |
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