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| Section | Weight | Objectives |
|---|
| Topic 1: 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 2: Cost Accounting | 25% | - Process and analyze costs
- 1. Review cost distributions
- 2. Run cost processor
- 3. Period-end valuation and close
- Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Set up cost profiles
- 3. Define cost methods
|
| Topic 3: Landed Cost Management | 15% | - Process landed cost transactions
- 1. Reconcile variances
- 2. Allocate charges
- Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
|
| Topic 4: Supply Chain Financial Orchestration | 10% | - Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
- Monitor and troubleshoot flows
- 1. Track transaction status
- 2. Resolve exceptions
|
| Topic 5: Standard Cost Management | 15% | - Define and maintain standard costs
- 1. Update and publish standard costs
- 2. Create cost scenarios
- Analyze standard cost variances
- 1. Usage and rate variances
- 2. Purchase price variance
|
| Topic 6: 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 7: Subledger Accounting | 10% | - Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
- Configure accounting rules
- 1. Journal line definitions
- 2. Account derivation rules
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q24-Q29):
NEW QUESTION # 24
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 specific unit numbers
- B. Work definitions without alternates
- C. Work definitions with the highest costing priority
- D. Work definitions with the lowest production priority
- E. Work definitions with the highest production priority
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 25
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory, Make, Lot, Serial
- B. Grade, Subinventory, Locator, Serial
- C. Subinventory. Lot, Serial, Grade
- D. Grade, Serial, Group, Lot
- E. Subinventory, Lot, Serial, Locator
Answer: C
Explanation:
Reference:
NEW QUESTION # 26
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 Accounts Payable role for the correct cost organization.
- B. Create Data Access on the Accounts Payable role for the correct inventory organization.
- C. Create Data Access on the Cost Accountant role for the correct inventory organization.
- D. Create Data Access on the Cost Accountant role for the correct cost organization.
Answer: D
Explanation:
Reference:
NEW QUESTION # 27
Which two types of costs are included in the cost of contract manufactured items?
- A. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- B. The cost of resources consumed at the OEM's factory
- C. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- D. The cost of the contract manufacturing service Item. This is the price that the contract
- E. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 28
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. It is used only for analyzing gross margins on noninventory sales of services.
Answer: B,C
Explanation:
Reference:
NEW QUESTION # 29
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