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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
| Cost Management Overview | - Cost accounting concepts in Oracle Cloud
- Costing methods and principles
|
| Setup and Configuration | - Subledger accounting configuration
- Inventory valuation and accounting setup
- Cost organization and cost book setup
|
| Cost Processing | - Cost distribution and adjustments
- Material cost accounting
- Resource and overhead costing
|
| Integration with Oracle Cloud Applications | - Integration with Inventory and Manufacturing
- Integration with Financials and Subledger Accounting
|
| Cost Analysis and Reporting | - Cost reports and inquiries
- Cost reconciliation and variance analysis
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Which two statements are true about Cost Accounting books? (Choose two.)
- A. Every cost organization must use different book names; they cannot be shared.
- B. A cost organization has one book that posts to the primary ledger.
- C. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- D. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
Reveal Solution
Discussion
Correct Answer: B,D 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Landed Cost Management
- B. Inventory Management
- C. Product Model
- D. Cost Accounting
- E. Receipt Accounting
Reveal Solution
Discussion
Correct Answer: B 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
Which two steps need to be completed to estimate landed costs?
- A. Prepare the Material Purchase Order Data process.
- B. Update standard costs.
- C. Transfer transactions from the Payables to the Costing process.
- D. Allocate charges
- E. Transfer transactions from the Inventory to the Costing process.
Reveal Solution
Discussion
Correct Answer: A,D 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Overhead
- B. In-transit
- C. Cost of Goods Sold
- D. Retro-reprice
- E. Adjustments
Reveal Solution
Discussion
Correct Answer: B 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Business Unit and Inventory Organization
- B. Legal Entity and Cost Organization
- C. Inventory Organization and Legal Entity
- D. Business Unit and Cost Organization
- E. Business Unit and Legal Entity
- F. Inventory Organization and Cost Organization
Reveal Solution
Discussion
Correct Answer: A 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).