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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A) Run the Create Accounting for Costing process with the following parameters:
B) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
C) Run the Create Cost Accounting Distribution process with the following parameters:
D) Run the Create Cost Accounting Distribution process with the following parameters:
E) Run the Create Accounting for Costing process with the following parameters:

2. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Copy and rename predefined subledger journal entry rule sets before modifying them.
B) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
C) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
D) Use a different journal entry rule set for each ledger with a different accounting convention.
E) Journal entry rule sets do not require accounting rules.

3. Which three features are included in Receipt Accounting?

A) Analyze Standard Purchase Cost Variances
B) Adjust Receipt Accrual Clearing Balances
C) Create Receipt Accounting Distribution
D) Review Journal Entries
E) Review Item Costs

4. At what level can you define item cost profiles?

A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
C) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

5. Identify four characteristics of a cost element.

A) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
B) It is the granularity at which costs are tracked and accounted.
C) Users can define any number of cost elements.
D) The mapping of cost components into cost elements is user-defined.
E) It uses date effectivity.
F) It is user-defined.

Solutions: