Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
A) Receivables invoices; actual cost can be used.
B) Receipt costs; costs include adjustments.
C) Requisition costs; validated costs can be used.
D) Payables invoices; invoice price variance can be added to item cost.
E) Purchase order costs; item catalog costs can be used.
2. Which two rules determine whether a condition has been met for accounting rules?
A) Priorities determine the order in which accounting rule conditions are examined.
B) Use parenthesis to control the order of the condition evaluation.
C) When the condition is met, the rule associated with that priority is used.
D) The conditions are evaluated in the sequence they are defined in the accounting rule.
E) After all conditions are tested, the final resulting value is used.
3. Which two steps need to be completed to estimate landed costs?
A) Update standard costs.
B) Transfer transactions from the Payables to the Costing process.
C) Allocate charges
D) Transfer transactions from the Inventory to the Costing process.
E) Prepare the Material Purchase Order Data process.
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 class as the accounting method.
B) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) Journal entry rule sets do not require accounting rules.
E) Use a different journal entry rule set for each ledger with a different accounting convention.
5. Which three tasks can be completed in the Receipt Accounting work area?
A) Manage Accrual Clearing Rules
B) Review Item Costs
C) Create Receipt Accounting Distributions
D) Review and Approve Item Cost Profiles
E) Review Cost Accounting Distributions
F) Create Accounting
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,C | Question # 3 Answer: C,E | Question # 4 Answer: A,B | Question # 5 Answer: A,C,E |
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