Oracle 1Z0-1074-26

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which two rules determine whether a condition has been met for accounting rules?

A) After all conditions are tested, the final resulting value is used.
B) The conditions are evaluated in the sequence they are defined in the accounting rule.
C) Priorities determine the order in which accounting rule conditions are examined.
D) Use parenthesis to control the order of the condition evaluation.
E) When the condition is met, the rule associated with that priority is used.

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

3. In which two scenarios would you define account rules based on value sets?

A) When there is a mapping set to convert the accounts
B) In the absence of a chart of accounts on the accounting method
C) When a secondary ledger has a different COA
D) When a chart of accounts is assigned to the value set definition
E) If a segment shares the same value set across multiple chart of accounts

4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Transactions from Receiving to Costing process.
B) Run the Clear Receipt Accrual Balances process.
C) Run the Create Accounting process.
D) Run the Transfer Costs from Payables to Cost Management process.
E) Run the Transactions from Procurement to Costing process.

5. Identify four characteristics of a cost element.

A) It is user-defined.
B) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
C) It uses date effectivity.
D) The mapping of cost components into cost elements is user-defined.
E) Users can define any number of cost elements.
F) It is the granularity at which costs are tracked and accounted.

Solutions: