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| Section | Objectives |
|---|
| Topic 1: Setup and Configuration | - Inventory valuation and accounting setup - Subledger accounting configuration - Cost organization and cost book setup
|
| Topic 2: Integration with Oracle Cloud Applications | - Integration with Inventory and Manufacturing - Integration with Financials and Subledger Accounting
|
| Topic 3: Cost Analysis and Reporting | - Cost reconciliation and variance analysis - Cost reports and inquiries
|
| Topic 4: Cost Management Overview | - Costing methods and principles - Cost accounting concepts in Oracle Cloud
|
| Topic 5: Cost Processing | - Material cost accounting - Resource and overhead costing - Cost distribution and adjustments
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q22-Q27):
NEW QUESTION # 22
Which two steps need to be completed to estimate landed costs?
- A. Prepare the Material Purchase Order Data process.
- B. Transfer transactions from the Payables to the Costing process.
- C. Allocate charges
- D. Update standard costs.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,C
Explanation:
Reference:
NEW QUESTION # 23
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Clearing Report
- B. Accrual Reconciliation Report
- C. Accrual Supplier Liability Report
- D. Receipt Accounting Real Time Report
- E. Uninvoiced Receipt Accrual Report
Answer: B
Explanation:
Reference:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 24
At what level can you define item cost profiles?
- A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- B. 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.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Answer: B
Explanation:
Reference:
NEW QUESTION # 25
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Incremental Costs
- C. Input Costs
- D. Output Costs
- E. Scrap Costs
- F. Variable Costs
Answer: A,C,D,E
Explanation:
Reference:
NEW QUESTION # 26
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Expense, Credit Expense Accrual
- B. Debit Receiving Inspection, Credit Accrued Liability
- C. Debit Expense, Credit Receiving Inspection
- D. Debit Accrued Liability, Credit Accounts Payable
- E. Debit Charge Account (expense or inventory), Credit Receiving Inspection
Answer: E
Explanation:
Reference:
NEW QUESTION # 27
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