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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A) Run the Create Cost Accounting Distribution process with the following parameters:
B) Run the Create Accounting for Costing process with the following parameters:
C) Run the Create Cost Accounting Distribution process with the following parameters:
D) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
E) Run the Create Accounting for Costing process with the following parameters:

2. 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) Sub ledger accounting is set up to accomplish this out-of-the-box.
B) Line Type must be set to Freight.
C) Account Class must be set to Freight.
D) Create a condition for a journal line for freight.

3. At what level can you define item cost profiles?

A) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
B) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

4. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Output Costs
B) Variable Costs
C) Incremental Costs
D) Standard Cost variances
E) Input Costs
F) Scrap Costs

5. In which two scenarios would you define account rules based on value sets?

A) If a segment shares the same value set across multiple chart of accounts
B) In the absence of a chart of accounts on the accounting method
C) When a secondary ledger has a different COA
D) When a chart of accounts is assigned to the value set definition
E) When there is a mapping set to convert the accounts

Solutions: