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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets where the accounting rules override the method rule set
B) Rule sets assigned to a secondary ledger with a different COA
C) Rule sets that use the same chart of accounts
D) Rule sets that have a mapping set to convert the accounts
E) Rule sets not associated with any chart of accounts

2. Select the two valid relationships between subledger components.

A) Journal entry rule sets hold journal rules and accounting rules.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) The journal lines hold the journal entry rule sets.
D) The accounting method groups journal entry rule sets by Event Class and Event Type.
E) Journal entry rules are used to hold accounting rules.

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

4. Which two steps need to be completed to estimate landed costs?

A) Transfer transactions from the Inventory to the Costing process.
B) Update standard costs.
C) Transfer transactions from the Payables to the Costing process.
D) Allocate charges
E) Prepare the Material Purchase Order Data process.

5. Which three features are included in Receipt Accounting?

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

Solutions: