Oracle Cost Management Cloud 2026 Implementation Professional - 1Z0-1074-26 Free Exam Questions

A. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

C. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

D. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

B. The quantity is tracked in inventory but not as an asset until there is an ownership event

C. There is no difference between owned inventory and consigned inventory.

D. The liability for a consigned item occurs when there is an ownership event.

E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

F. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

A. Rule sets assigned to a secondary ledger with a different COA

B. Rule sets where the accounting rules override the method rule set

C. Rule sets that use the same chart of accounts

D. Rule sets that have a mapping set to convert the accounts

E. Rule sets not associated with any chart of accounts

A. Create a foreign reporting currency 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 secondary ledger to track gain/loss.

A. Create Data Access on the Cost Accountant role for the correct inventory organization.

B. Create Data Access on the Cost Accountant role for the correct cost organization.

C. Create Data Access on the Accounts Payable role for the correct cost organization.

D. Create Data Access on the Accounts Payable role for the correct inventory organization.

A. Refer to the Accounting Event Diagnostic report.

B. Query the transaction from Review Cost Accounting Distributions to see the error message.

C. Review errors in the Create Accounting Execution report.

D. Review errors in the Create Accounting Execution log.

E. Refer to the Accounting Event Diagnostic Log.

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.

A. The cost of the contract manufacturing service Item. This is the price that the contract

B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

C. The cost of resources consumed at the OEM's factory

D. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

E. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

B. A standard cost update will create an inventory value adjustment.

C. A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

D. Authorized users can manually create cost adjustments.

E. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.