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Updated: Jul 06, 2026
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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
A) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
B) Run the "Activate Accounting Methods" process.
C) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
D) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
E) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
2. How is the standard cost of a manufactured configured item calculated?
A) It is based on the material and resource requirements of a released work order.
B) The standard cost is calculated for every possible combination of options under a model
C) It is based on the actual cost of the work order after it is completed.
D) The standard cost of a model item is calculated.
3. Identify four processors available in the cost processor.
A) Cost Accounting Processor
B) Cost Reports Processor
C) Costing Period Processor
D) Cost Distribution Processor
E) Cost of Goods Sold Processor
F) Receipt Processor
4. Identify two characteristics of Landed Cost charge names.
A) Charge names cannot be used to tie an invoice to a trade operation.
B) Charge names cannot be associated with a PO schedule.
C) Duty is a seeded charge name for Landed Cost.
D) You can modify a charge name until it is associated with a trade operation.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.
5. 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 cost organization.
B) Create Data Access on the Accounts Payable role for the correct inventory organization.
C) Create Data Access on the Cost Accountant role for the correct cost organization.
D) Create Data Access on the Cost Accountant role for the correct inventory organization.
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: D | Question # 3 Answer: A,B,D,E | Question # 4 Answer: D,E | Question # 5 Answer: C |
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