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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

2. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn off the summarize flag in the journal line rule.
B) Turn on detailed posting for GL in the ledger setup.
C) Write a custom report.
D) Extract distribution accounting entries.
E) Turn off merge matching lines in the journal line rule.

3. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Create Accounting process.
B) Run the Transfer Costs from Payables to Cost Management process.
C) Run the Clear Receipt Accrual Balances process.
D) Run the Transactions from Receiving to Costing process.
E) Run the Transactions from Procurement to Costing process.

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

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

5. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
D) It can help you with consolidated financial reporting.
E) It is only used when you do not need to maintain an arm's length relationship.

Solutions: