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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which three features are included in Receipt Accounting?

A) Adjust Receipt Accrual Clearing Balances
B) Review Journal Entries
C) Analyze Standard Purchase Cost Variances
D) Create Receipt Accounting Distribution
E) Review Item Costs

2. You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

A) Change inventory items to accrue at period end.
B) Change the Receipt Close tolerance so it is 100 percent.
C) Change expense items to accrue at period end.
D) Change the Purchasing Line types to 4-way match.
E) Change the Purchasing Line types to 3-way match.

3. 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.

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

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

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) Manage the Standard Cost task.
C) Manage the Item Cost task.
D) Import standard costs from receipt layers.

Solutions: