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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn on detailed posting for GL in the ledger setup.
B) Turn off the summarize flag in the journal line rule.
C) Write a custom report.
D) Extract distribution accounting entries.
E) Turn off merge matching lines in the journal line rule.

2. You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

A) Orders
B) Routes
C) Cost Scenario
D) Trade Operation
E) Charge Name

3. At what level can you define item cost profiles?

A) 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.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

4. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Use a different journal entry rule set for each ledger with a different accounting convention.
B) Journal entry rule sets do not require accounting rules.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
E) The subledger journal entry rule set does not need the same accounting event class as the accounting method.

5. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
D) It can help you with consolidated financial reporting.
E) It is only used when you do not need to maintain an arm's length relationship.

Solutions: