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Oracle Oracle Cloud 1Z0-1074-26

1Z0-1074-26

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Jun 25, 2026

Q & A: 82 Questions and Answers

1Z0-1074-26 Free Demo download:

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Permanently Closed
B) Open
C) Never Opened
D) Close Pending
E) Closed


2. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) COGS and Revenue Matching Report
B) In-transit Valuation Report
C) Layer Inventory Valuation Report
D) Work in Process Inventory Valuation Report
E) Cost Accounting Valuation Report
F) Costing Account Balances Report
G) Inventory Valuation Report


3. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

A) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
B) Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
C) Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
D) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
E) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
F) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.


4. Identify two characteristics of a cost profile.

A) It is used for Receipt Accounting.
B) It is where you define your Cost Accounting policies.
C) It is used for calculating the estimated cost of manufactured items under different scenarios.
D) It is where you define which cost method you want to use for the cost component to cost element mapping.


5. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
C) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
D) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
E) Run the "Activate Accounting Methods" process.


Solutions:

Question # 1
Answer: E
Question # 2
Answer: B,C,F,G
Question # 3
Answer: A,D
Question # 4
Answer: A,B
Question # 5
Answer: B,D

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