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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Line Type must be set to Freight.
B) Account Class must be set to Freight.
C) Create a condition for a journal line for freight.
D) Sub ledger accounting is set up to accomplish this out-of-the-box.

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

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

3. Identify three characteristics of cost component to cost element mapping.

A) It is one of the attributes you define as part of your cost profile definitions.
B) It is user-defined.
C) You cannot modify, duplicate, or create user-defined cost components.
D) It lets you define how cost component level costs will map into cost elements.
E) You can only define one cost component to cost element mapping for an installation.

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

5. Identify two purposes of Sub ledger Accounting.

A) to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
B) to maintain backward compatibility
C) to centralize accounting string generation across all modules
D) to calculate costs for transactions
E) to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger

Solutions: