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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

2. 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) 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."
B) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
C) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D) 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.
E) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

3. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It will use the work definition with the January 2, 2016 effective date.
B) It must always use the work definition with the October 1, 2015 effective date.
C) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
D) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

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

5. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with the highest costing priority
B) Work definitions with specific unit numbers
C) Work definitions with the highest production priority
D) Work definitions without alternates
E) Work definitions with the lowest production priority

Solutions: