Oracle 1Z0-1074-26 : Oracle Cost Management Cloud 2026 Implementation Professional

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Create Standard Cost in a spreadsheet.
B) Manage the Item Cost task.
C) Import standard costs from receipt layers.
D) Manage the Standard Cost task.

2. 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) Cost Accounting
C) Receipt Accounting
D) Inventory Management
E) Product Model

3. Which two steps need to be completed to estimate landed costs?

A) Transfer transactions from the Payables to the Costing process.
B) Prepare the Material Purchase Order Data process.
C) Allocate charges
D) Update standard costs.
E) Transfer transactions from the Inventory to the Costing process.

4. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Open
B) Permanently Closed
C) Never Opened
D) Closed
E) Close Pending

5. 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) 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.
D) It only affects whether or not you can process a cost adjustment.

Solutions: