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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
B) The cost planning scenario will use both work definitions for the item.
C) The application will use the work definition that is named Plan B.
D) The application will generate an error because there are two work definitions for the same item.
E) The scenario will choose the work definition that is production priority 1.

2. You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

A) Change the Purchasing Line types to 4-way match.
B) Change the Purchasing Line types to 3-way match.
C) Change expense items to accrue at period end.
D) Change inventory items to accrue at period end.
E) Change the Receipt Close tolerance so it is 100 percent.

3. At what level can you define item cost profiles?

A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

4. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) In-transit Valuation Report
B) COGS and Revenue Matching Report
C) Costing Account Balances Report
D) Layer Inventory Valuation Report
E) Work in Process Inventory Valuation Report
F) Inventory Valuation Report
G) Cost Accounting Valuation Report

5. How is the standard cost of a manufactured configured item calculated?

A) The standard cost of a model item is calculated.
B) The standard cost is calculated for every possible combination of options under a model
C) It is based on the actual cost of the work order after it is completed.
D) It is based on the material and resource requirements of a released work order.

Solutions: