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  • Exam Code: 1Z0-1074-26
  • Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two characteristics of a cost profile.

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


2. Identify four processors available in the cost processor.

A) Cost Accounting Processor
B) Receipt Processor
C) Cost of Goods Sold Processor
D) Cost Distribution Processor
E) Cost Reports Processor
F) Costing Period Processor


3. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) Material Receipts
B) PreReference Types
C) Charge Names
D) Trade Operation Template
E) Routes


4. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

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


5. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
B) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
C) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
D) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
E) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.


Solutions:

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

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