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| Section | Weight | Objectives |
|---|
| Topic 1: 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
|
| Topic 2: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
- 1. Track transaction status
- 2. Resolve exceptions
- Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
|
| Topic 3: 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
|
| Topic 4: Landed Cost Management | 15% | - Process landed cost transactions
- 1. Reconcile variances
- 2. Allocate charges
- Configure Landed Cost
- 1. Set up estimated vs actual costs
- 2. Define charge types and rules
|
| Topic 5: Cost Accounting | 25% | - Process and analyze costs
- 1. Run cost processor
- 2. Review cost distributions
- 3. Period-end valuation and close
- Set up Cost Accounting
- 1. Define cost methods
- 2. Set up cost profiles
- 3. Configure cost components and elements
|
| Topic 6: Receipt Accounting | 20% | - Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
- Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
|
| Topic 7: Subledger Accounting | 10% | - Configure accounting rules
- 1. Journal line definitions
- 2. Account derivation rules
- Review accounting entries
- 1. Validate subledger journals
- 2. Transfer to General Ledger
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q53-Q58):
NEW QUESTION # 53
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. In-transit Valuation Report
- B. Cost Accounting Valuation Report
- C. Layer Inventory Valuation Report
- D. Inventory Valuation Report
- E. Work in Process Inventory Valuation Report
- F. Costing Account Balances Report
- G. COGS and Revenue Matching Report
Answer: A,C,D,F
Explanation:
Reference:
NEW QUESTION # 54
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- B. Run the "Activate Accounting Methods" process.
- C. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- D. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
Answer: D,E
NEW QUESTION # 55
In which two scenarios would you define account rules based on value sets?
- A. When there is a mapping set to convert the accounts
- B. When a chart of accounts is assigned to the value set definition
- C. In the absence of a chart of accounts on the accounting method
- D. When a secondary ledger has a different COA
- E. If a segment shares the same value set across multiple chart of accounts
Answer: A,E
Explanation:
Reference:
NEW QUESTION # 56
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: Purchase Order Price Adjustment Event Type: Expense Accrual
- B. Event Class: Purchase Order Price Adjustment Event Type: Period End 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: Expense Accrual Event Type: Expense Accrual
Answer: D
Explanation:
Reference:
NEW QUESTION # 57
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
- A. Never Opened
- B. Permanently Closed
- C. Closed
- D. Close Pending
- E. Open
Answer: C
Explanation:
Reference:
NEW QUESTION # 58
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