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 |
|---|---|
| Topic 1: Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues |
| Topic 2: Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud |
| Topic 3: Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration |
| Topic 4: Period Close and Reporting | - Cost period close process - Cost reports and reconciliation |
| Topic 5: Inventory and Costing Processes | - Work in process (WIP) cost flows - Receipt accounting and cost updates - Inventory transactions cost processing |
| Topic 6: Setup and Configuration | - Cost methods and valuation structures - Cost component definitions and mappings - Cost organizations and cost profiles setup |
Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
Identify two characteristics of an expense pool. (Choose two.)
- A. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. You can define the name of your expense pool, but you cannot define more than one.
- D. It is used only for analyzing gross margins on noninventory sales of services.
Correct Answer: A,B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Identify four characteristics of a cost element.
- A. The mapping of cost components into cost elements is user-defined.
- B. Users can define any number of cost elements.
- C. It is the granularity at which costs are tracked and accounted.
- D. It is user-defined.
- E. It uses date effectivity.
- F. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
Correct Answer: A,D,E,F 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Identify four processors available in the cost processor.
- A. Cost Distribution Processor
- B. Costing Period Processor
- C. Cost Accounting Processor
- D. Receipt Processor
- E. Cost of Goods Sold Processor
- F. Cost Reports Processor
Correct Answer: A,C,E,F 🗳️
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You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Accounting for Costing process with the following parameters:
- B. Run the Create Accounting for Costing process with the following parameters:
- C. Run the Create Cost Accounting Distribution process with the following parameters:
- D. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
- E. Run the Create Cost Accounting Distribution process with the following parameters:
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Select the two valid relationships between subledger components.
- A. The accounting method groups journal entry rule sets by Event Class and Event Type.
- 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. Journal entry rules are used to hold accounting rules.
- E. The journal lines hold the journal entry rule sets.
Correct Answer: C,D 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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