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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
A) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
B) This requirement will already be met by the default data generated when using Quick Setup.
C) Create the cost in Manage Cost Scenarios.
D) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
2. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
A) Inventory Valuation Report
B) Costing Balances Report
C) Revenue and COGS Matching Report
D) Inventory Account Balances Report
3. Which four steps need to be completed to establish standard costs for a make item?
A) Publish costs
B) Export item costs
C) Add standard costs to a cost scenario
D) Complete cost roll-up
E) Run preprocessor
F) Create a new cost scenario
4. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
A) Cost of Goods Sold
B) Overhead
C) Retro-reprice
D) In-transit
E) Adjustments
5. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
A) Transfer transactions from payables.
B) Transfer transactions from receiving.
C) Transfer to Sub ledger Accounting.
D) Create distributions.
E) Assign accruals to purchase order transactions.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: A,C,D,F | Question # 4 Answer: D | Question # 5 Answer: D |
By Fitzgerald
