Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Setup and Configuration | - Cost component definitions and mappings - Cost methods and valuation structures - Cost organizations and cost profiles setup |
| Period Close and Reporting | - Cost reports and reconciliation - Cost period close process |
| Inventory and Costing Processes | - Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing |
| Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud |
| Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
| Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- C. Review their Receipt Accounting processes that show whether any processes failed and why.
- D. Review their accrual balances and clear them.
- E. Review their audit receipt accrual clearing balances.
Correct Answer: A,D 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. It will use the work definition with the January 2, 2016 effective date.
- C. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- D. It must always use the work definition with the October 1, 2015 effective date.
Correct Answer: C 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
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. Costing-Cost Accounting Real Time
- B. Receipt Accounting-- Receipt Accounting Transactions Real Time
- C. Financials-Subledger Accounting-Detail Transactions
- D. Receipt Accounting- Receipt Accounting Distributions Real Time
- E. Costing -Receipt Accounting Real Time
Correct Answer: C 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Variable Costs
- B. Incremental Costs
- C. Scrap Costs
- D. Standard Cost variances
- E. Output Costs
- F. Input Costs
Correct Answer: C,D,E,F 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
- B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
- C. It only affects whether or not you can process a cost adjustment.
- D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
Correct Answer: B 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
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