Free Oracle 1Z0-1074-26 Exam Questions

Become Oracle Certified with updated 1Z0-1074-26 exam questions and correct answers

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Total 82 Questions | Updated On: Jun 17, 2026

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Question 1

If the Create Accounting process ends with errors or warnings, which three statements outline places you cango to get more detailed information about the specific errors and warnings?

A : Query the transaction from Review Cost Accounting Distributions to see the error message.

B : Review errors in the Create Accounting Execution report.

C : Refer to the Accounting Event Diagnostic report.

D : Refer to the Accounting Event Diagnostic log.

E : Review errors in the Create Accounting Execution log.

Answer: B,C,E

Question 2

You have configured your expense items to accrue at receipt. You have created a few purchase orders andwant to verify that the supplier invoices have been created.Which accounting entries signal this process has taken place?

A : Debit Charge Account (expense or inventory), Credit Receiving Inspection

B : Debit Accrued Liability, Credit Accounts Payable

C : Debit Receiving Inspection, Credit Accrued Liability

D : Debit Expense, Credit Receiving Inspection

E : Debit Expense, Credit Expense Accrual

Answer: C

Question 3

Identify the four types of cost adjustments.

A : A change to a requisitionafter the purchase order has been created will create a cost adjustment.

B : A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : A standard cost update will create an inventory value adjustment.

D : Authorized users can manually create cost adjustments.

E : When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F : A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: C,D,E,F

Question 4

Identify three characteristics of cost component to cost element mapping.

A : You cannot modify, duplicate, or create user-defined cost components.

B : You can onlydefine one cost component to cost element mapping for an installation.

C : It is one of the attributes you define as part of your cost profile definitions.

D : It is user-defined.

E : It lets you define how cost component level costs will map into cost elements.

Answer: C,D,E

Question 5

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

A : Inventory

B : Order Management

C : Purchasing

D : Financial Orchestration

E : Shipping

Answer: A

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Total 82 Questions | Updated On: Jun 17, 2026

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