Oracle 1Z0-1074-26 Exam : Oracle Cost Management Cloud 2026 Implementation Professional

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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which two rules determine whether a condition has been met for accounting rules?

A) When the condition is met, the rule associated with that priority is used.
B) After all conditions are tested, the final resulting value is used.
C) Priorities determine the order in which accounting rule conditions are examined.
D) The conditions are evaluated in the sequence they are defined in the accounting rule.
E) Use parenthesis to control the order of the condition evaluation.

2. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
B) Event Class: Period End Accrual Event Type: Period End Accrual
C) Event Class: Expense Accrual Event Type: Expense Accrual
D) Event Class: Expense Accrual Event Type: Period End Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

3. Identify two characteristics of Landed Cost charge names.

A) Duty is a seeded charge name for Landed Cost.
B) You can modify a charge name until it is associated with a trade operation.
C) Charge names cannot be used to tie an invoice to a trade operation.
D) Charge names cannot be associated with a PO schedule.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.

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

5. What are three cost method choices that are available in Cost Accounting?

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

Solutions: