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| Section | Weight | Objectives |
|---|
| Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
- 1. Resolve exceptions
- 2. Track transaction status
- Set up orchestration flows
- 1. Define business events
- 2. Configure financial rules
|
| 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
|
| 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
|
| Receipt Accounting | 20% | - Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
- Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
|
| 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
|
| Standard Cost Management | 15% | - Analyze standard cost variances
- 1. Purchase price variance
- 2. Usage and rate variances
- Define and maintain standard costs
- 1. Create cost scenarios
- 2. Update and publish standard costs
|
| Cost Accounting | 25% | - Process and analyze costs
- 1. Run cost processor
- 2. Period-end valuation and close
- 3. Review cost distributions
- Set up Cost Accounting
- 1. Define cost methods
- 2. Configure cost components and elements
- 3. Set up cost profiles
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q10-Q15):
NEW QUESTION # 10
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Accounting for Costing process with the following parameters:
- B. Run the Create Accounting for Costing process with the following parameters:
- C. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
- D. Run the Create Cost Accounting Distribution process with the following parameters:
- E. Run the Create Cost Accounting Distribution process with the following parameters:
Answer: B
Explanation:
Reference:
NEW QUESTION # 11
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 Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Accounts Payable role for the correct inventory organization.
Answer: B
NEW QUESTION # 12
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. Close Pending
- D. Closed
- E. Open
Answer: D
Explanation:
Reference:
NEW QUESTION # 13
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 log.
- C. Refer to the Accounting Event Diagnostic report.
- D. Review errors in the Create Accounting Execution report.
- E. Refer to the Accounting Event Diagnostic Log.
Answer: A,C,D
Explanation:
Reference:
NEW QUESTION # 14
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. It must always use the work definition with the October 1, 2015 effective date.
- B. 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.
- C. 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.
- D. It will use the work definition with the January 2, 2016 effective date.
Answer: C
Explanation:
Reference:
NEW QUESTION # 15
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