Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
| Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
| Troubleshooting and Best Practices | - Common configuration issues - Performance and reconciliation best practices |
| Setup and Configuration | - Cost organizations and cost profiles setup - Cost methods and valuation structures - Cost component definitions and mappings |
| Period Close and Reporting | - Cost reports and reconciliation - Cost period close process |
| Inventory and Costing Processes | - Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
- A. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
- B. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- C. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
- D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- E. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
Correct Answer: D 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
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 Accounts Payable 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 Cost Accountant role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Correct Answer: C 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
- B. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- C. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
Correct Answer: D,F 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
Identify three characteristics of cost component to cost element mapping.
- A. It is one of the attributes you define as part of your cost profile definitions.
- B. It lets you define how cost component level costs will map into cost elements.
- C. You can only define one cost component to cost element mapping for an installation.
- D. It is user-defined.
- E. You cannot modify, duplicate, or create user-defined cost components.
Correct Answer: A,B,D 🗳️
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At what level can you define item cost profiles?
- A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- C. 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.
- D. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Correct Answer: C 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
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