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| Section | Weight | Objectives |
|---|
| Topic 1: Cost Accounting | 25% | - Process and analyze costs
- 1. Run cost processor
- 2. Period-end valuation and close
- 3. Review cost distributions
- Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Set up cost profiles
- 3. Define cost methods
|
| Topic 2: Standard Cost Management | 15% | - Analyze standard cost variances
- 1. Purchase price variance
- 2. Usage and rate variances
- Define and maintain standard costs
- 1. Update and publish standard costs
- 2. Create cost scenarios
|
| Topic 3: Subledger Accounting | 10% | - Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
- Configure accounting rules
- 1. Journal line definitions
- 2. Account derivation rules
|
| Topic 4: Landed Cost Management | 15% | - Process landed cost transactions
- 1. Allocate charges
- 2. Reconcile variances
- Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
|
| Topic 5: Supply Chain Financial Orchestration | 10% | - Set up orchestration flows
- 1. Define business events
- 2. Configure financial rules
- Monitor and troubleshoot flows
- 1. Resolve exceptions
- 2. Track transaction status
|
| Topic 6: Receipt Accounting | 20% | - Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
- Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
|
| Topic 7: Security and Inventory Configuration | 5% | - Set up access control
- 1. Define roles and data security
- Configure inventory costing parameters
- 1. Item cost attributes
- 2. Organization costing options
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q27-Q32):
NEW QUESTION # 27
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 only used when you do not need to maintain an arm's length relationship.
- B. 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.
- 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 different business units.
- D. It can help you understand true margins and value added by internal business units through the internal supply chain.
- E. It can help you with consolidated financial reporting.
Answer: C,D,E
Explanation:
Reference:
NEW QUESTION # 28
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 that have a mapping set to convert the accounts
- B. Rule sets not associated with any chart of accounts
- C. Rule sets that use the same chart of accounts
- D. Rule sets assigned to a secondary ledger with a different COA
- E. Rule sets where the accounting rules override the method rule set
Answer: B,C
Explanation:
Reference:
NEW QUESTION # 29
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)
- A. Query the transaction from Review Cost Accounting Distributions to see the error message.
- B. Refer to the Accounting Event Diagnostic Log.
- C. Review errors in the Create Accounting Execution log.
- D. Refer to the Accounting Event Diagnostic report.
- E. Review errors in the Create Accounting Execution report.
Answer: A,D,E
Explanation:
Reference:
NEW QUESTION # 30
Which four steps need to be completed to establish standard costs for a make item?
- A. Create a new cost scenario
- B. Export item costs
- C. Add standard costs to a cost scenario
- D. Complete cost roll-up
- E. Publish costs
- F. Run preprocessor
Answer: A,C,D,E
Explanation:
Reference:
NEW QUESTION # 31
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- B. Review their accrual balances and clear them.
- C. Review their Receipt Accounting processes that show whether any processes failed and why.
- D. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- E. Review their audit receipt accrual clearing balances.
Answer: A,B
Explanation:
Reference:
NEW QUESTION # 32
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