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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Manage the Item Cost task.
B) Create Standard Cost in a spreadsheet.
C) Manage the Standard Cost task.
D) Import standard costs from receipt layers.

2. Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A) Close the August period; you can never have two open periods at the same time.
B) Change the number of maximum open periods in Manage Cost Organization Relationships
C) Perform cost account validations for August in Manage Cost Accounting Periods
D) Run the Transfer Transactions to Costing process.

3. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You can share definitions across multiple cost organizations.
B) You have the option to share setup data across all cost organizations using the common set.
C) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
D) You don't have to create any definitions for cost books.
E) You can control which definitions are visible to different cost organizations
F) You can streamline your setup effort.

4. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Inventory Organization
B) Legal Entity and Cost Organization
C) Inventory Organization and Legal Entity
D) Business Unit and Cost Organization
E) Inventory Organization and Cost Organization
F) Business Unit and Legal Entity

5. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Incremental Costs
B) Output Costs
C) Variable Costs
D) Input Costs
E) Scrap Costs
F) Standard Cost variances

Solutions: