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| Section | Objectives |
|---|
| Topic 1: Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud
|
| Topic 2: Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions
|
| Topic 3: Period Close and Reporting | - Cost reports and reconciliation - Cost period close process
|
| Topic 4: Inventory and Costing Processes | - Inventory transactions cost processing - Receipt accounting and cost updates - Work in process (WIP) cost flows
|
| Topic 5: Setup and Configuration | - Cost methods and valuation structures - Cost component definitions and mappings - Cost organizations and cost profiles setup
|
| Topic 6: Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q43-Q48):
NEW QUESTION # 43
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- C. It must always use the work definition with the October 1, 2015 effective date.
- D. It will use the work definition with the January 2, 2016 effective date.
Answer: B
Explanation:
Reference:
NEW QUESTION # 44
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?
- A. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
- B. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
- D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- E. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
- F. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
Answer: A
Explanation:
Reference:
NEW QUESTION # 45
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
- A. The scenario will choose the work definition that is production priority 1.
- B. The application will use the work definition that is named Plan B.
- C. The application will generate an error because there are two work definitions for the same item.
- D. The cost planning scenario will use both work definitions for the item.
- E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
Answer: A
Explanation:
Reference:
NEW QUESTION # 46
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. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- E. Run the "Activate Accounting Methods" process.
Answer: B,C
NEW QUESTION # 47
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 Cost Accountant role for the correct inventory organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct cost organization.
Answer: D
NEW QUESTION # 48
......
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