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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. At what level can you define item cost profiles?

A) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
B) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

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

3. 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) 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."
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) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

4. Select the two valid relationships between subledger components.

A) Journal entry rules are used to hold accounting rules.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) Journal entry rule sets hold journal rules and accounting rules.
D) The accounting method groups journal entry rule sets by Event Class and Event Type.
E) The journal lines hold the journal entry rule sets.

5. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It will use the work definition with the January 2, 2016 effective date.
B) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
C) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D) It must always use the work definition with the October 1, 2015 effective date.

Solutions: