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| Section | Weight | Objectives |
|---|
| 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
|
| 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
|
| Receipt Accounting | 20% | - Manage Receipt Accounting transactions
- 1. Analyze and reconcile accruals
- 2. Run period-end close
- Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
|
| Supply Chain Financial Orchestration | 10% | - Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
- Monitor and troubleshoot flows
- 1. Resolve exceptions
- 2. Track transaction status
|
| Subledger Accounting | 10% | - Review accounting entries
- 1. Validate subledger journals
- 2. Transfer to General Ledger
- Configure accounting rules
- 1. Account derivation rules
- 2. Journal line definitions
|
| Cost Accounting | 25% | - Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Set up cost profiles
- 3. Define cost methods
- Process and analyze costs
- 1. Period-end valuation and close
- 2. Run cost processor
- 3. Review cost distributions
|
| Standard Cost Management | 15% | - Analyze standard cost variances
- 1. Usage and rate variances
- 2. Purchase price variance
- Define and maintain standard costs
- 1. Create cost scenarios
- 2. Update and publish standard costs
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q29-Q34):
NEW QUESTION # 29
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. Create the cost in Manage Cost Scenarios.
- B. This requirement will already be met by the default data generated when using Quick Setup.
- C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Answer: B
Explanation:
Reference:
NEW QUESTION # 30
Which three features are included in Receipt Accounting?
- A. Review Item Costs
- B. Analyze Standard Purchase Cost Variances
- C. Create Receipt Accounting Distribution
- D. Adjust Receipt Accrual Clearing Balances
- E. Review Journal Entries
Answer: C,D,E
Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-accounting.html#FAIMS1921270
NEW QUESTION # 31
Identify two ways that standard cost is calculated.
- A. Users must manually enter the cost of each configured item; the calculation is not automated.
- B. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- C. The standard cost is the sum of the cost of the selected option items.
- D. The cost of a configured item is calculated based on the work definition of the model item.
- E. The standard cost of the configured item is based on the purchase order price quoted by the
Answer: B,C
Explanation:
Reference:
NEW QUESTION # 32
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. Review errors in the Create Accounting Execution report.
- C. Review errors in the Create Accounting Execution log.
- D. Refer to the Accounting Event Diagnostic Log.
- E. Refer to the Accounting Event Diagnostic report.
Answer: A,B,E
Explanation:
Reference:
NEW QUESTION # 33
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 assigned to a secondary ledger with a different COA
- B. Rule sets where the accounting rules override the method rule set
- C. Rule sets not associated with any chart of accounts
- D. Rule sets that have a mapping set to convert the accounts
- E. Rule sets that use the same chart of accounts
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 34
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