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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. How is the standard cost of a manufactured configured item calculated?

A) It is based on the material and resource requirements of a released work order.
B) The standard cost is calculated for every possible combination of options under a model
C) The standard cost of a model item is calculated.
D) It is based on the actual cost of the work order after it is completed.

2. Which three features are included in Receipt Accounting?

A) Create Receipt Accounting Distribution
B) Review Journal Entries
C) Analyze Standard Purchase Cost Variances
D) Adjust Receipt Accrual Clearing Balances
E) Review Item Costs

3. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

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

4. 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 where the accounting rules override the method rule set
C) Rule sets assigned to a secondary ledger with a different COA
D) Rule sets that have a mapping set to convert the accounts
E) Rule sets that use the same chart of accounts

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

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

Solutions: