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| Section | Objectives |
|---|
| Topic 1: Cost Management Overview | - Costing methods and principles - Cost accounting concepts in Oracle Cloud
|
| Topic 2: Integration with Oracle Cloud Applications | - Integration with Financials and Subledger Accounting - Integration with Inventory and Manufacturing
|
| Topic 3: Cost Processing | - Resource and overhead costing - Material cost accounting - Cost distribution and adjustments
|
| Topic 4: Setup and Configuration | - Inventory valuation and accounting setup - Cost organization and cost book setup - Subledger accounting configuration
|
| Topic 5: Cost Analysis and Reporting | - Cost reconciliation and variance analysis - Cost reports and inquiries
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q70-Q75):
NEW QUESTION # 70
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Cost Processing
- B. Purchase Variance Summary
- C. Inventory Valuation
- D. Journal Entries
- E. Work Order Costs
- F. Item Costs
Answer: B,C,E
Explanation:
Reference:
NEW QUESTION # 71
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You don't have to create any definitions for cost books.
- B. You can control which definitions are visible to different cost organizations
- C. You have the option to share setup data across all cost organizations using the common set.
- D. You can streamline your setup effort.
- E. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- F. You can share definitions across multiple cost organizations.
Answer: C,D,E,F
Explanation:
Reference:
NEW QUESTION # 72
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. This requirement will already be met by the default data generated when using Quick Setup.
- B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- D. Create the cost in Manage Cost Scenarios.
Answer: A
Explanation:
Reference:
NEW QUESTION # 73
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method may only be used by ledgers without a COA.
- B. The accounting method can be assigned to any ledger.
- C. Any secondary ledger that uses the method cannot have a COA.
- D. The accounting method must have a mapping set to convert the accounts.
- E. Accounting rules cannot override the accounting method.
Answer: B
Explanation:
Reference:
NEW QUESTION # 74
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Product Model
- B. Inventory Management
- C. Landed Cost Management
- D. Cost Accounting
- E. Receipt Accounting
Answer: B
Explanation:
Reference:
NEW QUESTION # 75
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