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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Expense Accrual Event Type: Expense Accrual
B) Event Class: Period End Accrual Event Type: Period End Accrual
C) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
D) Event Class: Expense Accrual Event Type: Period End Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

2. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Create Standard Cost in a spreadsheet.
B) Manage the Standard Cost task.
C) Manage the Item Cost task.
D) Import standard costs from receipt layers.

3. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A) Purchase Variance Summary
B) Inventory Valuation
C) Cost Processing
D) Item Costs
E) Work Order Costs
F) Journal Entries

4. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You can share definitions across multiple cost organizations.
B) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
C) You can control which definitions are visible to different cost organizations
D) You can streamline your setup effort.
E) You have the option to share setup data across all cost organizations using the common set.
F) You don't have to create any definitions for cost books.

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

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

Solutions: