Oracle 1Z0-1074-26 - 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. 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) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
C) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
D) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
E) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

2. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) Suspense accounts cannot be used.
B) An alternate account will be used if provided.
C) The original account is stored on the journal line.
D) An error will always occur.
E) The preprocessor will pre-warn about this error.

3. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Cost of Goods Sold
B) Overhead
C) Retro-reprice
D) In-transit
E) Adjustments

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

5. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) The quantity is tracked in inventory but not as an asset until there is an ownership event
B) The liability for a consigned item occurs when there is an ownership event.
C) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
D) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
E) There is no difference between owned inventory and consigned inventory.
F) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

Solutions: