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Oracle 1Z0-1074-26 Exam Syllabus Topics:

Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two purposes of Sub ledger Accounting.

A) to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
B) to calculate costs for transactions
C) to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
D) to centralize accounting string generation across all modules
E) to maintain backward compatibility

2. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Standard Cost variances
B) Variable Costs
C) Output Costs
D) Input Costs
E) Incremental Costs
F) Scrap Costs

3. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Expense Accrual Event Type: Period End Accrual
B) Event Class: Expense Accrual Event Type: Expense Accrual
C) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
D) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
E) Event Class: Period End Accrual Event Type: Period End Accrual

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

5. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) When using segment rules
B) Every accounting method should have a COA.
C) When using ledgers that have unique accounting requirements
D) When using account combination rules
E) When account combination rules use constants

Solutions: