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

1Z0-1074-26 Exam Questions
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Oct 15, 2026
  • Q & A: 82 Questions and Answers
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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

  • A. The accounting method must have a mapping set to convert the accounts.
  • B. The accounting method may only be used by ledgers without a COA.
  • C. The accounting method can be assigned to any ledger.
  • D. Any secondary ledger that uses the method cannot have a COA.
  • E. Accounting rules cannot override the accounting method.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

  • A. Create a condition for a journal line for freight.
  • B. Account Class must be set to Freight.
  • C. Line Type must be set to Freight.
  • D. Sub ledger accounting is set up to accomplish this out-of-the-box.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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

Question #3

Identify two characteristics of an expense pool. (Choose two.)

  • A. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
  • B. You can define the name of your expense pool, but you cannot define more than one.
  • C. It is used only for analyzing gross margins on noninventory sales of services.
  • D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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

Question #4

In which two scenarios would you define account rules based on value sets?

  • A. In the absence of a chart of accounts on the accounting method
  • B. When a secondary ledger has a different COA
  • C. If a segment shares the same value set across multiple chart of accounts
  • D. When a chart of accounts is assigned to the value set definition
  • E. When there is a mapping set to convert the accounts
Reveal Solution  Discussion  0

Correct Answer: C,E  🗳️

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

Question #5

Which three tasks can be completed in the Receipt Accounting work area?

  • A. Review and Approve Item Cost Profiles
  • B. Manage Accrual Clearing Rules
  • C. Create Receipt Accounting Distributions
  • D. Create Accounting
  • E. Review Cost Accounting Distributions
  • F. Review Item Costs
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

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