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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify three Landed Cost Management tasks.

A) Capture Charges
B) Create Accounting
C) Perform Allocations
D) View Rolled Up Costs
E) Review Journal Entries
F) Manage Cost Scenarios

2. What are three cost method choices that are available in Cost Accounting?

A) Period end average cost
B) Perpetual average cost
C) Periodic average cost
D) Actual cost (FIFO or First In First Out)
E) Standard cost
F) Actual cost (LIFO or Last In First Out)

3. 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) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
C) Run the "Activate Accounting Methods" process.
D) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

4. Which two rules determine whether a condition has been met for accounting rules?

A) When the condition is met, the rule associated with that priority is used.
B) Use parenthesis to control the order of the condition evaluation.
C) After all conditions are tested, the final resulting value is used.
D) The conditions are evaluated in the sequence they are defined in the accounting rule.
E) Priorities determine the order in which accounting rule conditions are examined.

5. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Inventory Organization
B) Business Unit and Cost Organization
C) Legal Entity and Cost Organization
D) Business Unit and Legal Entity
E) Inventory Organization and Legal Entity
F) Inventory Organization and Cost Organization

Solutions: