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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
D) It can help you with consolidated financial reporting.
E) It is only used when you do not need to maintain an arm's length relationship.

2. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn off merge matching lines in the journal line rule.
B) Extract distribution accounting entries.
C) Turn off the summarize flag in the journal line rule.
D) Write a custom report.
E) Turn on detailed posting for GL in the ledger setup.

3. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A) Run the Create Accounting for Costing process with the following parameters:
B) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
C) Run the Create Cost Accounting Distribution process with the following parameters:
D) Run the Create Cost Accounting Distribution process with the following parameters:
E) Run the Create Accounting for Costing process with the following parameters:

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

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

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

Solutions: