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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) An alternate account will be used if provided.
B) The original account is stored on the journal line.
C) Suspense accounts cannot be used.
D) The preprocessor will pre-warn about this error.
E) An error will always occur.

2. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Business Unit/Landed Cost Charge/Cost Organization
B) Item Category/Material Supplier/Landed Cost Charge
C) Inventory Organization/Landed Cost Charge/Third Party Supplier
D) Item/Business Unit/Route
E) Item Catalog/Inventory Organization/Business Unit

3. Identify the four types of cost adjustments.

A) Authorized users can manually create cost adjustments.
B) 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.
C) A standard cost update will create an inventory value adjustment.
D) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
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.

4. 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) 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.
B) It must always use the work definition with the October 1, 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.

5. Identify four processors available in the cost processor.

A) Cost Accounting Processor
B) Receipt Processor
C) Cost Reports Processor
D) Cost of Goods Sold Processor
E) Cost Distribution Processor
F) Costing Period Processor

Solutions: