Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) Any secondary ledger that uses the method cannot have a COA.
B) The accounting method must have a mapping set to convert the accounts.
C) The accounting method can be assigned to any ledger.
D) Accounting rules cannot override the accounting method.
E) The accounting method may only be used by ledgers without a COA.

2. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A) Query the transaction from Review Cost Accounting Distributions to see the error message.
B) Review errors in the Create Accounting Execution log.
C) Refer to the Accounting Event Diagnostic Log.
D) Review errors in the Create Accounting Execution report.
E) Refer to the Accounting Event Diagnostic report.

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

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

4. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

A) Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
B) Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
C) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
D) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
E) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

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

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

Solutions: