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 |
|---|---|
| Cost Processing | - Cost distribution and adjustments - Material cost accounting - Resource and overhead costing |
| Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing |
| Cost Management Overview | - Cost accounting concepts in Oracle Cloud - Costing methods and principles |
| Cost Analysis and Reporting | - Cost reconciliation and variance analysis - Cost reports and inquiries |
| Setup and Configuration | - Inventory valuation and accounting setup - Cost organization and cost book setup - Subledger accounting configuration |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Work Order Costs
- B. Journal Entries
- C. Purchase Variance Summary
- D. Cost Processing
- E. Inventory Valuation
- F. Item Costs
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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. Sub ledger accounting is set up to accomplish this out-of-the-box.
- B. Line Type must be set to Freight.
- C. Create a condition for a journal line for freight.
- D. Account Class must be set to Freight.
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
In which two scenarios would you define account rules based on value sets?
- A. When a secondary ledger has a different COA
- B. When a chart of accounts is assigned to the value set definition
- C. When there is a mapping set to convert the accounts
- D. If a segment shares the same value set across multiple chart of accounts
- E. In the absence of a chart of accounts on the accounting method
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of the contract manufacturing service Item. This is the price that the contract
- B. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- C. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
- D. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- E. The cost of resources consumed at the OEM's factory
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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 Period Validation Status
- B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- 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
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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