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| Section | Weight | Objectives |
|---|
| Topic 1: Cost Accounting | 25% | - Process and analyze costs
- 1. Period-end valuation and close
- 2. Run cost processor
- 3. Review cost distributions
- Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Define cost methods
- 3. Set up cost profiles
|
| Topic 2: 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
|
| Topic 3: Landed Cost Management | 15% | - Configure Landed Cost
- 1. Set up estimated vs actual costs
- 2. Define charge types and rules
- Process landed cost transactions
- 1. Reconcile variances
- 2. Allocate charges
|
| Topic 4: Security and Inventory Configuration | 5% | - Configure inventory costing parameters
- 1. Organization costing options
- 2. Item cost attributes
- Set up access control
- 1. Define roles and data security
|
| Topic 5: Receipt Accounting | 20% | - Manage Receipt Accounting transactions
- 1. Analyze and reconcile accruals
- 2. Run period-end close
- Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
|
| Topic 6: Standard Cost Management | 15% | - Analyze standard cost variances
- 1. Usage and rate variances
- 2. Purchase price variance
- Define and maintain standard costs
- 1. Create cost scenarios
- 2. Update and publish standard costs
|
| Topic 7: Subledger Accounting | 10% | - Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
- Configure accounting rules
- 1. Account derivation rules
- 2. Journal line definitions
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q21-Q26):
NEW QUESTION # 21
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with the highest costing priority
- B. Work definitions with specific unit numbers
- C. Work definitions without alternates
- D. Work definitions with the highest production priority
- E. Work definitions with the lowest production priority
Answer: A,D
Explanation:
Reference:
NEW QUESTION # 22
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. 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.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. It will use the work definition with the January 2, 2016 effective date.
- D. 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.
Answer: A
Explanation:
Reference:
NEW QUESTION # 23
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 application will use the work definition that is named Plan B.
- B. The application will generate an error because there are two work definitions for the same item.
- C. The cost planning scenario will use both work definitions for the item.
- D. The scenario will choose the work definition that is production priority 1.
- 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: D
Explanation:
Reference:
NEW QUESTION # 24
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Receipt Accounting-- Receipt Accounting Transactions Real Time
- B. Costing-Cost Accounting Real Time
- C. Costing -Receipt Accounting Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Receipt Accounting- Receipt Accounting Distributions Real Time
Answer: D
Explanation:
Reference:
NEW QUESTION # 25
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Line Type must be set to Freight.
- B. Account Class must be set to Freight.
- C. Sub ledger accounting is set up to accomplish this out-of-the-box.
- D. Create a condition for a journal line for freight.
Answer: A,B
Explanation:
Reference:
NEW QUESTION # 26
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