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

1Z0-1074-26 pass collection

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Sep 27, 2026

Q & A: 82 Questions and Answers

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

  • A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
  • B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
  • C. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
  • D. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
  • E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

Question #2

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

  • A. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
  • B. This requirement will already be met by the default data generated when using Quick Setup.
  • C. Create the cost in Manage Cost Scenarios.
  • D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

Question #3

Identify two ways that standard cost is calculated.

  • A. The standard cost of the configured item is based on the purchase order price quoted by the
  • B. The cost of a configured item is calculated based on the work definition of the model item.
  • C. Users must manually enter the cost of each configured item; the calculation is not automated.
  • D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
  • E. The standard cost is the sum of the cost of the selected option items.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

Question #4

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  • A. Business Unit and Legal Entity
  • B. Inventory Organization and Legal Entity
  • C. Legal Entity and Cost Organization
  • D. Business Unit and Inventory Organization
  • E. Inventory Organization and Cost Organization
  • F. Business Unit and Cost Organization
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

Question #5

Identify three Landed Cost Management tasks.

  • A. Create Accounting
  • B. Review Journal Entries
  • C. Capture Charges
  • D. Manage Cost Scenarios
  • E. View Rolled Up Costs
  • F. Perform Allocations
Reveal Solution  Discussion  0

Correct Answer: A,C,F  🗳️

Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

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