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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. 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) Receipt Accounting
B) Cost Accounting
C) Product Model
D) Inventory Management
E) Landed Cost Management

2. Which two types of costs are included in the cost of contract manufactured items?

A) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
B) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
C) The cost of the contract manufacturing service Item. This is the price that the contract
D) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
E) The cost of resources consumed at the OEM's factory

3. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
B) Review their accrual balances and clear them.
C) Review their audit receipt accrual clearing balances.
D) Review their Receipt Accounting processes that show whether any processes failed and why.
E) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.

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

A) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
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 at the cost organization level. All items within a cost organization must use the same cost profile.
D) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

5. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Adjustments
B) Cost of Goods Sold
C) Overhead
D) In-transit
E) Retro-reprice

Solutions: