Oracle 1Z0-1074-26 Q&A - in .pdf

  • 1Z0-1074-26 pdf
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 16, 2026
  • Q & A: 82 Questions and Answers
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  • Updated: Aug 16, 2026
  • Q & A: 82 Questions and Answers
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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Aug 16, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Management Overview- Costing methods and principles
- Cost accounting concepts in Oracle Cloud
Topic 2: Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Topic 3: Cost Processing- Cost distribution and adjustments
- Material cost accounting
- Resource and overhead costing
Topic 4: Cost Analysis and Reporting- Cost reports and inquiries
- Cost reconciliation and variance analysis
Topic 5: Setup and Configuration- Inventory valuation and accounting setup
- Subledger accounting configuration
- Cost organization and cost book setup

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two characteristics of an expense pool. (Choose two.)

A) It is used only for analyzing gross margins on noninventory sales of services.
B) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C) You can define the name of your expense pool, but you cannot define more than one.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.


2. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Order Management
B) Inventory
C) Financial Orchestration
D) Purchasing
E) Shipping


3. Select the two valid relationships between subledger components.

A) The journal lines hold the journal entry rule sets.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) The accounting method groups journal entry rule sets by Event Class and Event Type.
D) Journal entry rule sets hold journal rules and accounting rules.
E) Journal entry rules are used to hold accounting rules.


4. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Item Category/Material Supplier/Landed Cost Charge
B) Item Catalog/Inventory Organization/Business Unit
C) Item/Business Unit/Route
D) Business Unit/Landed Cost Charge/Cost Organization
E) Inventory Organization/Landed Cost Charge/Third Party Supplier


5. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Subledger Accounting is already set up to process it.
B) Create a secondary ledger to track gain/loss.
C) Turn on the Subledger Gain or Loss Option.
D) Create a foreign reporting currency to track gain/loss.


Solutions:

Question # 1
Answer: B,D
Question # 2
Answer: C
Question # 3
Answer: D,E
Question # 4
Answer: B
Question # 5
Answer: C

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