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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
C) Run the "Activate Accounting Methods" process.
D) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

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

A) Manage the Item Cost task.
B) Create Standard Cost in a spreadsheet.
C) Manage the Standard Cost task.
D) Import standard costs from receipt layers.

3. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
C) Run the "Activate Accounting Methods" process.
D) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

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

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

5. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You can streamline your setup effort.
B) You can control which definitions are visible to different cost organizations
C) You don't have to create any definitions for cost books.
D) You can share definitions across multiple cost organizations.
E) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
F) You have the option to share setup data across all cost organizations using the common set.

Solutions: