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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two characteristics of Landed Cost charge names.

A) Charge names cannot be used to tie an invoice to a trade operation.
B) Charge names cannot be associated with a PO schedule.
C) Duty is a seeded charge name for Landed Cost.
D) You can use multiple currencies within a trade operation for the same charge name on different lines.
E) You can modify a charge name until it is associated with a trade operation.

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

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

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

4. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Grade, Serial, Group, Lot
B) Grade, Subinventory, Locator, Serial
C) Subinventory. Lot, Serial, Grade
D) Subinventory, Lot, Serial, Locator
E) Subinventory, Make, Lot, Serial

5. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Accrued Liability, Credit Accounts Payable
B) Debit Expense, Credit Receiving Inspection
C) Debit Receiving Inspection, Credit Accrued Liability
D) Debit Expense, Credit Expense Accrual
E) Debit Charge Account (expense or inventory), Credit Receiving Inspection

Solutions: