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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Accounts Payable role for the correct cost organization.
B) Create Data Access on the Accounts Payable role for the correct inventory organization.
C) Create Data Access on the Cost Accountant role for the correct inventory organization.
D) Create Data Access on the Cost Accountant role for the correct cost organization.

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

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

3. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) Charge Names
B) Trade Operation Template
C) Routes
D) PreReference Types
E) Material Receipts

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

5. Which two statements are true about Cost Accounting books? (Choose two.)

A) Every cost organization must use different book names; they cannot be shared.
B) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
C) A cost organization has one book that posts to the primary ledger.
D) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

Solutions: