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 | Weight | Objectives |
|---|---|---|
| Cost Accounting | 25% | - Set up Cost Accounting
|
| Receipt Accounting | 20% | - Configure Receipt Accounting
|
| Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
|
| Subledger Accounting | 10% | - Review accounting entries
|
| Security and Inventory Configuration | 5% | - Configure inventory costing parameters
|
| Standard Cost Management | 15% | - Analyze standard cost variances
|
| Landed Cost Management | 15% | - Configure Landed Cost
|
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
- A. The application will use the work definition that is named Plan B.
- B. The scenario will choose the work definition that is production priority 1.
- C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
- D. The cost planning scenario will use both work definitions for the item.
- E. The application will generate an error because there are two work definitions for the same item.
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
Identify the four types of cost adjustments.
- A. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
- B. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- C. A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- D. A standard cost update will create an inventory value adjustment.
- E. Authorized users can manually create cost adjustments.
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- B. They must create their valuation units manually.
- C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- D. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
Which three tasks can be completed in the Receipt Accounting work area?
- A. Create Receipt Accounting Distributions
- B. Manage Accrual Clearing Rules
- C. Review and Approve Item Cost Profiles
- D. Create Accounting
- E. Review Item Costs
- F. Review Cost Accounting Distributions
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- C. Run the "Activate Accounting Methods" process.
- D. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- E. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
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