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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

A) Routes
B) Trade Operation
C) Cost Scenario
D) Charge Name
E) Orders

2. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It will use the work definition with the January 2, 2016 effective date.
B) It must always use the work definition with the October 1, 2015 effective date.
C) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
D) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

3. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A) Refer to the Accounting Event Diagnostic Log.
B) Review errors in the Create Accounting Execution report.
C) Review errors in the Create Accounting Execution log.
D) Query the transaction from Review Cost Accounting Distributions to see the error message.
E) Refer to the Accounting Event Diagnostic report.

4. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
B) They must create their valuation units manually.
C) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

5. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) Accounting rules cannot override the accounting method.
B) The accounting method can be assigned to any ledger.
C) The accounting method may only be used by ledgers without a COA.
D) The accounting method must have a mapping set to convert the accounts.
E) Any secondary ledger that uses the method cannot have a COA.

Solutions: