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

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Manage Resource Rates
B) Review Item Costs
C) Review Work Order Costs
D) Management Cost Accounting Periods
E) Analyzing and Comparing Costs
F) Estimating Standard Costs for Assemblies

2. Identify four characteristics of a cost element.

A) The mapping of cost components into cost elements is user-defined.
B) It is user-defined.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) Users can define any number of cost elements.
E) It uses date effectivity.
F) It is the granularity at which costs are tracked and accounted.

3. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Accounts Payable role for the correct cost organization.
C) Create Data Access on the Accounts Payable role for the correct inventory organization.
D) Create Data Access on the Cost Accountant role for the correct cost organization.

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

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

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

A) Manage Accrual Clearing Rules
B) Review Item Costs
C) Create Receipt Accounting Distributions
D) Review Cost Accounting Distributions
E) Create Accounting
F) Review and Approve Item Cost Profiles

Solutions: