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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:
1. Identify two ways that standard cost is calculated.
A) The standard cost is the sum of the cost of the selected option items.
B) The standard cost of the configured item is based on the purchase order price quoted by the
C) Users must manually enter the cost of each configured item; the calculation is not automated.
D) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
E) The cost of a configured item is calculated based on the work definition of the model item.
2. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
A) Landed Cost Management
B) Receipt Accounting
C) Inventory Management
D) Cost Accounting
E) Product Model
3. 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: Expense Accrual
D) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
E) Event Class: Expense Accrual Event Type: Period End Accrual
4. Identify two characteristics of an expense pool. (Choose two.)
A) It is used only for analyzing gross margins on noninventory sales of services.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
5. 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) Import standard costs from receipt layers.
C) Manage the Standard Cost task.
D) Manage the Item Cost task.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: C,D | Question # 5 Answer: A,C |
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