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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration |
| Topic 2: Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
| Topic 3: Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Topic 4: Inventory and Costing Processes | - Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing |
| Topic 5: Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud |
| Topic 6: Setup and Configuration | - Cost organizations and cost profiles setup - Cost component definitions and mappings - Cost methods and valuation structures |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
A) Order Management
B) Shipping
C) Financial Orchestration
D) Purchasing
E) Inventory
2. 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) Run the "Activate Accounting Methods" process.
B) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
C) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
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.
3. Identify four characteristics of a cost element.
A) It is user-defined.
B) It uses date effectivity.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) The mapping of cost components into cost elements is user-defined.
E) It is the granularity at which costs are tracked and accounted.
F) Users can define any number of cost elements.
4. 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) Run the "Activate Accounting Methods" process.
B) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
C) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
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.
5. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
A) Revenue and COGS Matching Report
B) Costing Balances Report
C) Inventory Account Balances Report
D) Inventory Valuation Report
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,E | Question # 3 Answer: A,B,C,D | Question # 4 Answer: C,E | Question # 5 Answer: B,D |
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