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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) When using segment rules
B) Every accounting method should have a COA.
C) When account combination rules use constants
D) When using account combination rules
E) When using ledgers that have unique accounting requirements

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

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

3. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
B) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
C) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
D) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
E) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

4. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Accounts Payable role for the correct inventory organization.
C) Create Data Access on the Cost Accountant role for the correct cost organization.
D) Create Data Access on the Accounts Payable role for the correct cost organization.

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

Solutions: