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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) When using segment rules
B) When using ledgers that have unique accounting requirements
C) When account combination rules use constants
D) Every accounting method should have a COA.
E) When using account combination rules
2. Identify four characteristics of a cost element.
A) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
B) It is the granularity at which costs are tracked and accounted.
C) The mapping of cost components into cost elements is user-defined.
D) It uses date effectivity.
E) It is user-defined.
F) Users can define any number of cost elements.
3. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
A) The accounting method can be assigned to any ledger.
B) Accounting rules cannot override the accounting method.
C) Any secondary ledger that uses the method cannot have a COA.
D) The accounting method must have a mapping set to convert the accounts.
E) The accounting method may only be used by ledgers without a COA.
4. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
A) Inventory Valuation Report
B) COGS and Revenue Matching Report
C) Costing Account Balances Report
D) Layer Inventory Valuation Report
E) Cost Accounting Valuation Report
F) Work in Process Inventory Valuation Report
G) In-transit Valuation Report
5. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A) Receipt Accounting Real Time Report
B) Accrual Reconciliation Report
C) Accrual Clearing Report
D) Uninvoiced Receipt Accrual Report
E) Accrual Supplier Liability Report
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,C,D,E | Question # 3 Answer: A | Question # 4 Answer: A,C,D,G | Question # 5 Answer: B |
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