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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Product Model
B) Cost Accounting
C) Inventory Management
D) Receipt Accounting
E) Landed Cost Management

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

3. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Create Standard Cost in a spreadsheet.
B) Manage the Item Cost task.
C) Manage the Standard Cost task.
D) Import standard costs from receipt layers.

4. In which two scenarios would you define account rules based on value sets?

A) When there is a mapping set to convert the accounts
B) When a chart of accounts is assigned to the value set definition
C) If a segment shares the same value set across multiple chart of accounts
D) When a secondary ledger has a different COA
E) In the absence of a chart of accounts on the accounting method

5. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Review Item Costs
B) Review Work Order Costs
C) Manage Resource Rates
D) Estimating Standard Costs for Assemblies
E) Management Cost Accounting Periods
F) Analyzing and Comparing Costs

Solutions: