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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. 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.

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

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

3. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Inventory Organization/Landed Cost Charge/Third Party Supplier
B) Item/Business Unit/Route
C) Item Catalog/Inventory Organization/Business Unit
D) Business Unit/Landed Cost Charge/Cost Organization
E) Item Category/Material Supplier/Landed Cost Charge

4. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A) Refer to the Accounting Event Diagnostic report.
B) Review errors in the Create Accounting Execution log.
C) Refer to the Accounting Event Diagnostic Log.
D) Review errors in the Create Accounting Execution report.
E) Query the transaction from Review Cost Accounting Distributions to see the error message.

5. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Receivables invoices; actual cost can be used.
B) Payables invoices; invoice price variance can be added to item cost.
C) Requisition costs; validated costs can be used.
D) Receipt costs; costs include adjustments.
E) Purchase order costs; item catalog costs can be used.

Solutions: