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

1Z0-1074-26 actual test
  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
  • Updated: Jun 30, 2026
  • Q & A: 82 Questions and Answers
  • PDF Demo
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  • Total Price: $59.99  

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. What are three cost method choices that are available in Cost Accounting?

A) Standard cost
B) Period end average cost
C) Periodic average cost
D) Actual cost (FIFO or First In First Out)
E) Actual cost (LIFO or Last In First Out)
F) Perpetual average cost


2. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Accrued Liability, Credit Accounts Payable
B) Debit Expense, Credit Receiving Inspection
C) Debit Charge Account (expense or inventory), Credit Receiving Inspection
D) Debit Expense, Credit Expense Accrual
E) Debit Receiving Inspection, Credit Accrued Liability


3. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
B) Event Class: Expense Accrual Event Type: Expense Accrual
C) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
D) Event Class: Expense Accrual Event Type: Period End Accrual
E) Event Class: Period End Accrual Event Type: Period End Accrual


4. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Create a secondary ledger to track gain/loss.
B) Create a foreign reporting currency to track gain/loss.
C) Turn on the Subledger Gain or Loss Option.
D) Subledger Accounting is already set up to process it.


5. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Inventory Organization
B) Legal Entity and Cost Organization
C) Inventory Organization and Cost Organization
D) Business Unit and Legal Entity
E) Inventory Organization and Legal Entity
F) Business Unit and Cost Organization


Solutions:

Question # 1
Answer: D,E,F
Question # 2
Answer: C
Question # 3
Answer: E
Question # 4
Answer: C
Question # 5
Answer: A

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