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| Section | Weight | Objectives |
|---|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| Cost Accounting | 25% | - Process and analyze costs
- 1. Run cost processor
- 2. Period-end valuation and close
- 3. Review cost distributions
- Set up Cost Accounting
- 1. Configure cost components and elements
- 2. Define cost methods
- 3. Set up cost profiles
|
| 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
|
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions (Q71-Q76):
NEW QUESTION # 71
Which two rules determine whether a condition has been met for accounting rules?
- A. The conditions are evaluated in the sequence they are defined in the accounting rule.
- B. When the condition is met, the rule associated with that priority is used.
- C. After all conditions are tested, the final resulting value is used.
- D. Priorities determine the order in which accounting rule conditions are examined.
- E. Use parenthesis to control the order of the condition evaluation.
Answer: B,D
Explanation:
Reference:
NEW QUESTION # 72
Identify the four types of cost adjustments.
- A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- B. A standard cost update will create an inventory value adjustment.
- C. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
- D. Authorized users can manually create cost adjustments.
- E. A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
Answer: A,B,C,D
NEW QUESTION # 73
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. Cost Scenario
- D. Trade Operation
- E. Routes
Answer: D
Explanation:
Reference:
NEW QUESTION # 74
Which two statements are true about Cost Accounting books? (Choose two.)
- A. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- B. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- C. Every cost organization must use different book names; they cannot be shared.
- D. A cost organization has one book that posts to the primary ledger.
Answer: A,D
Explanation:
Reference:
NEW QUESTION # 75
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. It must always use the work definition with the October 1, 2015 effective date.
- B. 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.
- C. It will use the work definition with the January 2, 2016 effective date.
- D. 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.
Answer: D
Explanation:
Reference:
NEW QUESTION # 76
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