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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

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

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

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

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

4. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Account Class must be set to Freight.
B) Sub ledger accounting is set up to accomplish this out-of-the-box.
C) Create a condition for a journal line for freight.
D) Line Type must be set to Freight.

5. Which three features are included in Receipt Accounting?

A) Review Journal Entries
B) Adjust Receipt Accrual Clearing Balances
C) Create Receipt Accounting Distribution
D) Review Item Costs
E) Analyze Standard Purchase Cost Variances

Solutions: