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Last Updated: Oct 14, 2026
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing |
| Cost Processing | - Resource and overhead costing - Material cost accounting - Cost distribution and adjustments |
| Cost Analysis and Reporting | - Cost reports and inquiries - Cost reconciliation and variance analysis |
| Cost Management Overview | - Costing methods and principles - Cost accounting concepts in Oracle Cloud |
| Setup and Configuration | - Cost organization and cost book setup - Subledger accounting configuration - Inventory valuation and accounting setup |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Incremental Costs
- B. Scrap Costs
- C. Standard Cost variances
- D. Variable Costs
- E. Input Costs
- F. Output Costs
Correct Answer: B,C,E,F 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- C. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- D. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- E. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
Correct Answer: E 🗳️
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Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Extract distribution accounting entries.
- B. Write a custom report.
- C. Turn off the summarize flag in the journal line rule.
- D. Turn on detailed posting for GL in the ledger setup.
- E. Turn off merge matching lines in the journal line rule.
Correct Answer: E 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Journal entry rule sets do not require accounting rules.
- B. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- E. Copy and rename predefined subledger journal entry rule sets before modifying them.
Correct Answer: B,D 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Identify two characteristics of a cost profile.
- A. It is where you define which cost method you want to use for the cost component to cost element mapping.
- B. It is used for calculating the estimated cost of manufactured items under different scenarios.
- C. It is where you define your Cost Accounting policies.
- D. It is used for Receipt Accounting.
Correct Answer: C,D 🗳️
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