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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two characteristics of an expense pool. (Choose two.)

A) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
D) It is used only for analyzing gross margins on noninventory sales of services.

2. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Cost of Goods Sold
B) Retro-reprice
C) Adjustments
D) In-transit
E) Overhead

3. 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) Query the transaction from Review Cost Accounting Distributions to see the error message.
D) Refer to the Accounting Event Diagnostic report.
E) Refer to the Accounting Event Diagnostic Log.

4. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

A) Transfer transactions from receiving.
B) Assign accruals to purchase order transactions.
C) Create distributions.
D) Transfer to Sub ledger Accounting.
E) Transfer transactions from payables.

5. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Line Type must be set to Freight.
B) Create a condition for a journal line for freight.
C) Sub ledger accounting is set up to accomplish this out-of-the-box.
D) Account Class must be set to Freight.

Solutions: