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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two purposes of Sub ledger Accounting.

A) to calculate costs for transactions
B) to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
C) to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
D) to maintain backward compatibility
E) to centralize accounting string generation across all modules

2. Which two steps need to be completed to estimate landed costs?

A) Prepare the Material Purchase Order Data process.
B) Update standard costs.
C) Transfer transactions from the Payables to the Costing process.
D) Transfer transactions from the Inventory to the Costing process.
E) Allocate charges

3. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Grade, Serial, Group, Lot
B) Subinventory, Lot, Serial, Locator
C) Grade, Subinventory, Locator, Serial
D) Subinventory, Make, Lot, Serial
E) Subinventory. Lot, Serial, Grade

4. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) In-transit Valuation Report
B) Inventory Valuation Report
C) Layer Inventory Valuation Report
D) Work in Process Inventory Valuation Report
E) COGS and Revenue Matching Report
F) Cost Accounting Valuation Report
G) Costing Account Balances Report

5. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
B) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
C) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
E) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

Solutions: