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Oracle 1Z0-1074-26 Exam Syllabus Topics:

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

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

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

3. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Create Accounting.
B) Activate its journal entry rule set assignments.
C) Transfer costs to Cost Management.
D) Execute the Preprocessor.
E) Transfer transactions from Receiving to Costing.

4. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Grade, Serial, Group, Lot
B) Subinventory, Make, Lot, Serial
C) Subinventory. Lot, Serial, Grade
D) Subinventory, Lot, Serial, Locator
E) Grade, Subinventory, Locator, Serial

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

Solutions: