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| Section | Weight | Objectives |
|---|
| Topic 1: Cost Accounting | 25% | - Set up Cost Accounting
- 1. Define cost methods
- 2. Configure cost components and elements
- 3. Set up cost profiles
- Process and analyze costs
- 1. Run cost processor
- 2. Period-end valuation and close
- 3. Review cost distributions
|
| Topic 2: Receipt Accounting | 20% | - Configure Receipt Accounting
- 1. Accrue at period end
- 2. Receipt accrual process
- Manage Receipt Accounting transactions
- 1. Run period-end close
- 2. Analyze and reconcile accruals
|
| Topic 3: Supply Chain Financial Orchestration | 10% | - Monitor and troubleshoot flows
- 1. Resolve exceptions
- 2. Track transaction status
- Set up orchestration flows
- 1. Configure financial rules
- 2. Define business events
|
| Topic 4: Subledger Accounting | 10% | - Configure accounting rules
- 1. Journal line definitions
- 2. Account derivation rules
- Review accounting entries
- 1. Transfer to General Ledger
- 2. Validate subledger journals
|
| Topic 5: 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 6: Landed Cost Management | 15% | - Configure Landed Cost
- 1. Define charge types and rules
- 2. Set up estimated vs actual costs
- Process landed cost transactions
- 1. Allocate charges
- 2. Reconcile variances
|
| Topic 7: 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
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q19-Q24):
NEW QUESTION # 19
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Transfer costs to Cost Management.
- B. Activate its journal entry rule set assignments.
- C. Create Accounting.
- D. Transfer transactions from Receiving to Costing.
- E. Execute the Preprocessor.
Answer: B
Explanation:
Reference:
NEW QUESTION # 20
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 inventory organization.
- B. Create Data Access on the Cost Accountant role for the correct inventory organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct cost organization.
Answer: D
NEW QUESTION # 21
How is the standard cost of a manufactured configured item calculated?
- A. It is based on the actual cost of the work order after it is completed.
- B. It is based on the material and resource requirements of a released work order.
- C. The standard cost is calculated for every possible combination of options under a model
- D. The standard cost of a model item is calculated.
Answer: D
Explanation:
Reference:
NEW QUESTION # 22
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- B. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
- E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
Answer: B,F
Explanation:
Reference:
NEW QUESTION # 23
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Copy and rename predefined subledger journal entry rule sets before modifying them.
- B. Use a different journal entry rule set for each ledger with a different accounting convention.
- C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- E. Journal entry rule sets do not require accounting rules.
Answer: C,D
Explanation:
Reference:
NEW QUESTION # 24
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