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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Revenue and COGS Matching Report
B) Inventory Account Balances Report
C) Inventory Valuation Report
D) Costing Balances Report

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

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

3. In which two scenarios would you define account rules based on value sets?

A) When a secondary ledger has a different COA
B) When there is a mapping set to convert the accounts
C) In the absence of a chart of accounts on the accounting method
D) If a segment shares the same value set across multiple chart of accounts
E) When a chart of accounts is assigned to the value set definition

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

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

5. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Burdens have not been established for the item
B) The Work Definition is incomplete.
C) The item has no on-hand inventory.
D) The assembly item is marked as Perpetual Average costed.
E) Outstanding purchase orders have not been received.

Solutions: