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| Section | Weight | Objectives |
|---|
| Topic 1: Subledger Accounting | 10% | - Configure accounting rules
- 1. Account derivation rules
- 2. Journal line definitions
- Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
|
| Topic 2: Standard Cost Management | 15% | - Analyze standard cost variances
- 1. Usage and rate variances
- 2. Purchase price variance
- Define and maintain standard costs
- 1. Update and publish standard costs
- 2. Create cost scenarios
|
| Topic 3: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
- 1. Track transaction status
- 2. Resolve exceptions
- Set up orchestration flows
- 1. Define business events
- 2. Configure financial rules
|
| Topic 4: Receipt Accounting | 20% | - Configure Receipt Accounting
- 1. Receipt accrual process
- 2. Accrue at period end
- Manage Receipt Accounting transactions
- 1. Analyze and reconcile accruals
- 2. Run period-end close
|
| Topic 5: 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
|
| Topic 6: Cost Accounting | 25% | - Process and analyze costs
- 1. Run cost processor
- 2. Review cost distributions
- 3. Period-end valuation and close
- Set up Cost Accounting
- 1. Define cost methods
- 2. Set up cost profiles
- 3. Configure cost components and elements
|
| Topic 7: 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
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q16-Q21):
NEW QUESTION # 16
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It can help you understand true margins and value added by internal business units through the internal supply chain.
- B. It is only used when you do not need to maintain an arm's length relationship.
- C. It can help you with consolidated financial reporting.
- D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
Answer: A,C,D
Explanation:
Reference:
NEW QUESTION # 17
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. Review errors in the Create Accounting Execution report.
- B. Refer to the Accounting Event Diagnostic Log.
- C. Query the transaction from Review Cost Accounting Distributions to see the error message.
- D. Refer to the Accounting Event Diagnostic report.
- E. Review errors in the Create Accounting Execution log.
Answer: A,C,D
Explanation:
Reference:
NEW QUESTION # 18
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Output Costs
- B. Variable Costs
- C. Input Costs
- D. Standard Cost variances
- E. Incremental Costs
- F. Scrap Costs
Answer: A,C,D,F
Explanation:
Reference:
NEW QUESTION # 19
Identify two characteristics of a cost profile.
- A. It is where you define which cost method you want to use for the cost component to cost element mapping.
- B. It is used for Receipt Accounting.
- C. It is used for calculating the estimated cost of manufactured items under different scenarios.
- D. It is where you define your Cost Accounting policies.
Answer: B,D
Explanation:
Reference:
NEW QUESTION # 20
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Purchasing
- C. Financial Orchestration
- D. Inventory
- E. Shipping
Answer: C
Explanation:
Reference:
NEW QUESTION # 21
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