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| Section | Objectives |
|---|
| Period Close and Reporting | - Cost reports and reconciliation - Cost period close process
|
| Inventory and Costing Processes | - Inventory transactions cost processing - Work in process (WIP) cost flows - Receipt accounting and cost updates
|
| Troubleshooting and Best Practices | - Performance and reconciliation best practices - Common configuration issues
|
| Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud
|
| Cost Accounting and Distribution | - Cost accounting distributions - Subledger accounting integration
|
| Setup and Configuration | - Cost methods and valuation structures - Cost organizations and cost profiles setup - Cost component definitions and mappings
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q13-Q18):
NEW QUESTION # 13
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Work in Process Inventory Valuation Report
- B. Inventory Valuation Report
- C. In-transit Valuation Report
- D. COGS and Revenue Matching Report
- E. Costing Account Balances Report
- F. Layer Inventory Valuation Report
- G. Cost Accounting Valuation Report
Answer: B,C,E,F
Explanation:
Reference:
NEW QUESTION # 14
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Charge Name
- B. Reference Types
- C. Routes
- D. Trade Operation
- E. Trade Operation Templates
Answer: A
Explanation:
Reference:
NEW QUESTION # 15
Which three tasks can be completed in the Receipt Accounting work area?
- A. Review Cost Accounting Distributions
- B. Review Item Costs
- C. Review and Approve Item Cost Profiles
- D. Create Receipt Accounting Distributions
- E. Create Accounting
- F. Manage Accrual Clearing Rules
Answer: A,D,F
Explanation:
Reference:
NEW QUESTION # 16
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Extract distribution accounting entries.
- B. Write a custom report.
- C. Turn off merge matching lines in the journal line rule.
- D. Turn on detailed posting for GL in the ledger setup.
- E. Turn off the summarize flag in the journal line rule.
Answer: C
Explanation:
Reference:
NEW QUESTION # 17
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- B. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- C. The quantity is tracked in inventory but not as an asset until there is an ownership event
- D. The liability for a consigned item occurs when there is an ownership event.
- E. There is no difference between owned inventory and consigned inventory.
- F. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
Answer: A,B,D,E
Explanation:
Reference:
NEW QUESTION # 18
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