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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Create a secondary ledger to track gain/loss.
B) Subledger Accounting is already set up to process it.
C) Turn on the Subledger Gain or Loss Option.
D) Create a foreign reporting currency to track gain/loss.

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

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

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

4. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Standard Cost variances
B) Variable Costs
C) Input Costs
D) Incremental Costs
E) Output Costs
F) Scrap Costs

5. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Cost Organization
B) Business Unit and Legal Entity
C) Inventory Organization and Legal Entity
D) Inventory Organization and Cost Organization
E) Business Unit and Inventory Organization
F) Legal Entity and Cost Organization

Solutions: