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| Section | Weight | Objectives |
|---|
| Receipt Accounting | 20% | - Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
- Configure Receipt Accounting
- 1. Receipt accrual process
- 2. Accrue at period end
|
| Subledger Accounting | 10% | - Configure accounting rules
- 1. Journal line definitions
- 2. Account derivation rules
- Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
|
| Landed Cost Management | 15% | - Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
- Process landed cost transactions
- 1. Allocate charges
- 2. Reconcile variances
|
| Cost Accounting | 25% | - Process and analyze costs
- 1. Review cost distributions
- 2. Period-end valuation and close
- 3. Run cost processor
- Set up Cost Accounting
- 1. Set up cost profiles
- 2. Configure cost components and elements
- 3. Define cost methods
|
| Standard Cost Management | 15% | - Define and maintain standard costs
- 1. Update and publish standard costs
- 2. Create cost scenarios
- Analyze standard cost variances
- 1. Usage and rate variances
- 2. Purchase price variance
|
| Security and Inventory Configuration | 5% | - Set up access control
- 1. Define roles and data security
- Configure inventory costing parameters
- 1. Organization costing options
- 2. Item cost attributes
|
| 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
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q34-Q39):
NEW QUESTION # 34
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 Accounts Payable role for the correct inventory organization.
- B. Create Data Access on the Accounts Payable role for the correct cost organization.
- C. Create Data Access on the Cost Accountant role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Answer: C
Explanation:
Reference:
NEW QUESTION # 35
Identify three Landed Cost Management tasks.
- A. Perform Allocations
- B. Review Journal Entries
- C. Manage Cost Scenarios
- D. Capture Charges
- E. Create Accounting
- F. View Rolled Up Costs
Answer: A,D,E
Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION # 36
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory. Lot, Serial, Grade
- B. Subinventory, Make, Lot, Serial
- C. Grade, Subinventory, Locator, Serial
- D. Subinventory, Lot, Serial, Locator
- E. Grade, Serial, Group, Lot
Answer: A
Explanation:
Reference:
NEW QUESTION # 37
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Layer Inventory Valuation Report
- B. COGS and Revenue Matching Report
- C. In-transit Valuation Report
- D. Inventory Valuation Report
- E. Costing Account Balances Report
- F. Cost Accounting Valuation Report
- G. Work in Process Inventory Valuation Report
Answer: A,C,D,E
Explanation:
Reference:
NEW QUESTION # 38
Which three tasks can be completed in the Receipt Accounting work area?
- A. Review and Approve Item Cost Profiles
- B. Create Accounting
- C. Manage Accrual Clearing Rules
- D. Review Item Costs
- E. Create Receipt Accounting Distributions
- F. Review Cost Accounting Distributions
Answer: C,E,F
Explanation:
Reference:
NEW QUESTION # 39
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