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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. 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 at the cost organization level. All items within a cost organization must use the same cost profile.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) 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.

2. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
B) It will use the work definition with the January 2, 2016 effective date.
C) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D) It must always use the work definition with the October 1, 2015 effective date.

3. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
B) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
C) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
D) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
E) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

4. Which three tasks can be completed in the Receipt Accounting work area?

A) Manage Accrual Clearing Rules
B) Review Item Costs
C) Create Accounting
D) Create Receipt Accounting Distributions
E) Review Cost Accounting Distributions
F) Review and Approve Item Cost Profiles

5. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Line Type must be set to Freight.
B) Create a condition for a journal line for freight.
C) Account Class must be set to Freight.
D) Sub ledger accounting is set up to accomplish this out-of-the-box.

Solutions: