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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

2. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Purchasing
B) Order Management
C) Financial Orchestration
D) Inventory
E) Shipping

3. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) There is no difference between owned inventory and consigned inventory.
B) The quantity is tracked in inventory but not as an asset until there is an ownership event
C) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
D) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
E) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
F) The liability for a consigned item occurs when there is an ownership event.

4. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Overhead
B) Adjustments
C) Retro-reprice
D) In-transit
E) Cost of Goods Sold

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

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

Solutions: