Oracle Cost Management Cloud 2026 Implementation Professional

Question 1

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A. Inventory

B. Financial Orchestration

C. Shipping

D. Order Management

E. Purchasing

Correct Answer: B

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Question 2

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

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

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

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

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

Correct Answer: D

Question 3

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

B. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Correct Answer: E

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Question 4

Which two steps need to be completed to estimate landed costs?

A. Transfer transactions from the Payables to the Costing process.

B. Transfer transactions from the Inventory to the Costing process.

C. Prepare the Material Purchase Order Data process.

D. Allocate charges

E. Update standard costs.

Correct Answer: C,D

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Question 5

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A. Trade Operation Templates

B. Routes

C. Reference Types

D. Trade Operation

E. Charge Name

Correct Answer: E

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Question 6

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

A. Use parenthesis to control the order of the condition evaluation.

B. Priorities determine the order in which accounting rule conditions are examined.

C. After all conditions are tested, the final resulting value is used.

D. The conditions are evaluated in the sequence they are defined in the accounting rule.

E. When the condition is met, the rule associated with that priority is used.

Correct Answer: B,E

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Question 7

Identify two characteristics of a cost profile.

A. It is where you define which cost method you want to use for the cost component to cost element mapping.

B. It is where you define your Cost Accounting policies.

C. It is used for calculating the estimated cost of manufactured items under different scenarios.

D. It is used for Receipt Accounting.

Correct Answer: B,D

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Question 8

When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A. Purchase order costs; item catalog costs can be used.

B. Receivables invoices; actual cost can be used.

C. Requisition costs; validated costs can be used.

D. Payables invoices; invoice price variance can be added to item cost.

E. Receipt costs; costs include adjustments.

Correct Answer: D

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Question 9

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Inventory Management

B. Landed Cost Management

C. Cost Accounting

D. Receipt Accounting

E. Product Model

Correct Answer: A

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Oracle Cost Management Cloud 2026 Implementation Professional - 1Z0-1074-26 Exam Practice Test

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