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Oracle 1Z0-1074-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Management Cloud Overview | - Cost accounting fundamentals in Oracle Cloud - Application architecture and key components |
| Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration |
| Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Setup and Configuration | - Cost component definitions and mappings - Cost organizations and cost profiles setup - Cost methods and valuation structures |
| Inventory and Costing Processes | - Work in process (WIP) cost flows - Inventory transactions cost processing - Receipt accounting and cost updates |
| Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Receiving to Costing process.
- B. Run the Transactions from Procurement to Costing process.
- C. Run the Clear Receipt Accrual Balances process.
- D. Run the Create Accounting process.
- E. Run the Transfer Costs from Payables to Cost Management process.
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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. 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.
- 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. It must always use the work definition with the October 1, 2015 effective date.
- D. It will use the work definition with the January 2, 2016 effective date.
Correct Answer: B 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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. Subledger Accounting is already set up to process it.
- C. Turn on the Subledger Gain or Loss Option.
- D. Create a secondary ledger to track gain/loss.
Correct Answer: C 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Identify two purposes of Sub ledger Accounting.
- A. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- B. to maintain backward compatibility
- C. to centralize accounting string generation across all modules
- D. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- E. to calculate costs for transactions
Correct Answer: A,E 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost is calculated for every possible combination of options under a model
- B. The standard cost of a model item is calculated.
- C. It is based on the material and resource requirements of a released work order.
- D. It is based on the actual cost of the work order after it is completed.
Correct Answer: B 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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