[Nov-2026] Use Real 1Z0-1074-26 Dumps Free Sample Questions and Practice Test Engine [Q14-Q35]

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[Nov-2026] Use Real 1Z0-1074-26 Dumps Free Sample Questions and Practice Test Engine

Pass Oracle 1Z0-1074-26 exam – questions – convert Tets Engine to PDF

Oracle 1Z0-1074-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Period Close and Reporting	– Cost period close process – Cost reports and reconciliation
Topic 2: Setup and Configuration	– Cost component definitions and mappings – Cost organizations and cost profiles setup – Cost methods and valuation structures
Topic 3: Cost Accounting and Distribution	– Cost accounting distributions – Subledger accounting integration
Topic 4: Troubleshooting and Best Practices	– Common configuration issues – Performance and reconciliation best practices
Topic 5: Cost Management Cloud Overview	– Cost accounting fundamentals in Oracle Cloud – Application architecture and key components
Topic 6: Inventory and Costing Processes	– Inventory transactions cost processing – Work in process (WIP) cost flows – Receipt accounting and cost updates

NEW QUESTION 14
Identify four characteristics of a cost element.

Users can define any number of cost elements.

It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

It is the granularity at which costs are tracked and accounted.

It is user-defined.

The mapping of cost components into cost elements is user-defined.

It uses date effectivity.

Reference:

NEW QUESTION 15
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

Receipt Accounting- Receipt Accounting Distributions Real Time

Receipt Accounting– Receipt Accounting Transactions Real Time

Costing -Receipt Accounting Real Time

Financials-Subledger Accounting-Detail Transactions

Costing-Cost Accounting Real Time

Reference:

NEW QUESTION 16
You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

Orders

Cost Scenario

Charge Name

Routes

Trade Operation

Reference:

NEW QUESTION 17
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

Open

Closed

Permanently Closed

Never Opened

Close Pending

Reference:

NEW QUESTION 18
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can’t you see this process?

Purchase order information is automatically sent to Receipt Accounting using a real-time method

This process can only be scheduled and run from the Receipt Accounting work area

You do not have the role to import purchase order information into Receipt Accounting.

All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

Purchase order information should not be imported into Receipt Accounting.

Reference:

NEW QUESTION 19
Select two ways to define the standard cost for an item from the Cost Accounting work area.

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.

Reference:

NEW QUESTION 20
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

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

There is no difference between owned inventory and consigned inventory.

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

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

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

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

Reference:

NEW QUESTION 21
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?

It will use the work definition with the January 2, 2016 effective date.

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.

It must always use the work definition with the October 1, 2015 effective date.

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.

Reference:

NEW QUESTION 22
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

Accrual Supplier Liability Report

Accrual Reconciliation Report

Accrual Clearing Report

Uninvoiced Receipt Accrual Report

Receipt Accounting Real Time Report

Reference:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725

NEW QUESTION 23
Which two types of costs are included in the cost of contract manufactured items?

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

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

The cost of resources consumed at the OEM’s factory

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

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

Reference:

NEW QUESTION 24
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Reference:

NEW QUESTION 25
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to “No”.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to “Yes”.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Reference:

NEW QUESTION 26
Which three cost planning tasks can be performed in the Cost Accounting work area?

Management Cost Accounting Periods

Analyzing and Comparing Costs

Review Work Order Costs

Estimating Standard Costs for Assemblies

Manage Resource Rates

Review Item Costs

Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11

NEW QUESTION 27
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

Internal requisition number

Shipment number

Expense invoice number

Bill of Lading

Receipt number

Reference:

NEW QUESTION 28
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer’s requirement and resolve this error?

Perform cost account validations for August in Manage Cost Accounting Periods

Run the Transfer Transactions to Costing process.

Close the August period; you can never have two open periods at the same time.

Change the number of maximum open periods in Manage Cost Organization Relationships

Reference:

NEW QUESTION 29
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from “Costing Level” to “Subinventory.”

Reference:

NEW QUESTION 30
Select the two valid relationships between subledger components.

The accounting method holds the accounting rules by Event Class and Event Type.

The journal lines hold the journal entry rule sets.

The accounting method groups journal entry rule sets by Event Class and Event Type.

Journal entry rules are used to hold accounting rules.

Journal entry rule sets hold journal rules and accounting rules.

Reference:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

NEW QUESTION 31
Identify two characteristics of an expense pool. (Choose two.)

It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

You can define the name of your expense pool, but you cannot define more than one.

It is used only for analyzing gross margins on noninventory sales of services.

Reference:

NEW QUESTION 32
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?

Run the Transactions from Procurement to Costing process.

Run the Transfer Costs from Payables to Cost Management process.

Run the Create Accounting process.

Run the Clear Receipt Accrual Balances process.

Run the Transactions from Receiving to Costing process.

Reference:

NEW QUESTION 33
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?

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

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

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

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

NEW QUESTION 34
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

Inventory

Order Management

Purchasing

Financial Orchestration

Shipping

Reference:

NEW QUESTION 35
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?

Create a foreign reporting currency to track gain/loss.

Create a secondary ledger to track gain/loss.

Turn on the Subledger Gain or Loss Option.

Subledger Accounting is already set up to process it.

Reference:

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