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Last Updated: Sep 27, 2026

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Integration with Oracle Cloud Applications- Integration with Financials and Subledger Accounting
- Integration with Inventory and Manufacturing
Topic 2: Cost Analysis and Reporting- Cost reports and inquiries
- Cost reconciliation and variance analysis
Topic 3: Cost Management Overview- Costing methods and principles
- Cost accounting concepts in Oracle Cloud
Topic 4: Cost Processing- Resource and overhead costing
- Cost distribution and adjustments
- Material cost accounting
Topic 5: Setup and Configuration- Subledger accounting configuration
- Cost organization and cost book setup
- Inventory valuation and accounting setup

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

Question #1

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 only used when you do not need to maintain an arm's length relationship.
  • D. 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.
  • E. It can help you with consolidated financial reporting.
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

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Question #2

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

  • A. Receipt Accounting
  • B. Product Model
  • C. Inventory Management
  • D. Landed Cost Management
  • E. Cost Accounting
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

  • A. Debit Charge Account (expense or inventory), Credit Receiving Inspection
  • B. Debit Receiving Inspection, Credit Accrued Liability
  • C. Debit Expense, Credit Expense Accrual
  • D. Debit Accrued Liability, Credit Accounts Payable
  • E. Debit Expense, Credit Receiving Inspection
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

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

  • A. Retro-reprice
  • B. Adjustments
  • C. Cost of Goods Sold
  • D. Overhead
  • E. In-transit
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #5

Identify four processors available in the cost processor.

  • A. Costing Period Processor
  • B. Receipt Processor
  • C. Cost Reports Processor
  • D. Cost Accounting Processor
  • E. Cost of Goods Sold Processor
  • F. Cost Distribution Processor
Reveal Solution  Discussion  0

Correct Answer: C,D,E,F  🗳️

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