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

A. 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."

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

C. 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.

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

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

A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.

B. Copy and rename predefined subledger journal entry rule sets before modifying them.

C. Journal entry rule sets do not require accounting rules.

D. Use a different journal entry rule set for each ledger with a different accounting convention.

E. The subledger journal entry rule set does not need the same accounting event class as the accounting method.

A. Subledger Accounting is already set up to process it.

B. Create a secondary ledger to track gain/loss.

C. Turn on the Subledger Gain or Loss Option.

D. Create a foreign reporting currency to track gain/loss.

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

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

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

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

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

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

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

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

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

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

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

A. Review Journal Entries

B. Review Item Costs

C. Analyze Standard Purchase Cost Variances

D. Adjust Receipt Accrual Clearing Balances

E. Create Receipt Accounting Distribution

A. Change the Receipt Close tolerance so it is 100 percent.

B. Change the Purchasing Line types to 4-way match.

C. Change inventory items to accrue at period end.

D. Change the Purchasing Line types to 3-way match.

E. Change expense items to accrue at period end.

A. Prepare the Material Purchase Order Data process.

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

C. Allocate charges

D. Update standard costs.

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

A. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

B. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

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.