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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
B) Copy and rename predefined subledger journal entry rule sets before modifying them.
C) Journal entry rule sets do not require accounting rules.
D) Use a different journal entry rule set for each ledger with a different accounting convention.
E) The subledger journal entry rule set does not need the same accounting event class as the accounting method.

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

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

3. Select the two valid relationships between subledger components.

A) Journal entry rule sets hold journal rules and accounting rules.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) Journal entry rules are used to hold accounting rules.
D) The accounting method groups journal entry rule sets by Event Class and Event Type.
E) The journal lines hold the journal entry rule sets.

4. 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) 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.
B) 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.
C) It will use the work definition with the January 2, 2016 effective date.
D) It must always use the work definition with the October 1, 2015 effective date.

5. Identify two characteristics of a cost profile.

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

Solutions: