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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with the lowest production priority
B) Work definitions with the highest production priority
C) Work definitions without alternates
D) Work definitions with the highest costing priority
E) Work definitions with specific unit numbers

2. Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A) Perform cost account validations for August in Manage Cost Accounting Periods
B) Close the August period; you can never have two open periods at the same time.
C) Change the number of maximum open periods in Manage Cost Organization Relationships
D) Run the Transfer Transactions to Costing process.

3. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
B) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
C) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
D) They must create their valuation units manually.

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

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

5. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It will use the work definition with the January 2, 2016 effective date.
B) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
C) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D) It must always use the work definition with the October 1, 2015 effective date.

Solutions: