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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their audit receipt accrual clearing balances.
B) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
C) Review their accrual balances and clear them.
D) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
E) Review their Receipt Accounting processes that show whether any processes failed and why.

2. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Business Unit/Landed Cost Charge/Cost Organization
B) Item Catalog/Inventory Organization/Business Unit
C) Inventory Organization/Landed Cost Charge/Third Party Supplier
D) Item/Business Unit/Route
E) Item Category/Material Supplier/Landed Cost Charge

3. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
B) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
C) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
D) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
E) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

4. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Trade Operation
B) Reference Types
C) Routes
D) Trade Operation Templates
E) Charge Name

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

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

Solutions: