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| Section | Weight | Objectives |
|---|
| Topic 1: 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 2: 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
|
| Topic 3: 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 4: 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 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: Cost Accounting | 25% | - Process and analyze costs
- 1. Review cost distributions
- 2. Period-end valuation and close
- 3. Run cost processor
- Set up Cost Accounting
- 1. Set up cost profiles
- 2. Define cost methods
- 3. Configure cost components and elements
|
| Topic 7: Subledger Accounting | 10% | - Review accounting entries
- 1. Validate subledger journals
- 2. Transfer to General Ledger
- Configure accounting rules
- 1. Account derivation rules
- 2. Journal line definitions
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q16-Q21):
NEW QUESTION # 16
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
- A. Rule sets not associated with any chart of accounts
- B. Rule sets that have a mapping set to convert the accounts
- C. Rule sets that use the same chart of accounts
- D. Rule sets assigned to a secondary ledger with a different COA
- E. Rule sets where the accounting rules override the method rule set
Answer: A,C
Explanation:
Reference:
NEW QUESTION # 17
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- B. Debit Receiving Inspection, Credit Accrued Liability
- C. Debit Expense, Credit Receiving Inspection
- D. Debit Expense, Credit Expense Accrual
- E. Debit Accrued Liability, Credit Accounts Payable
Answer: A
Explanation:
Reference:
NEW QUESTION # 18
You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?
- A. Charge Name
- B. Orders
- C. Trade Operation
- D. Routes
- E. Cost Scenario
Answer: C
Explanation:
Reference:
NEW QUESTION # 19
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Standard Cost task.
- B. Manage the Item Cost task.
- C. Create Standard Cost in a spreadsheet.
- D. Import standard costs from receipt layers.
Answer: A,C
Explanation:
Reference:
NEW QUESTION # 20
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Cost Accounting
- B. Product Model
- C. Inventory Management
- D. Receipt Accounting
- E. Landed Cost Management
Answer: C
Explanation:
Reference:
NEW QUESTION # 21
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