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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. 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) 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.
B) 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.
C) It must always use the work definition with the October 1, 2015 effective date.
D) It will use the work definition with the January 2, 2016 effective date.

2. Identify the four types of cost adjustments.

A) Authorized users can manually create cost adjustments.
B) A standard cost update will create an inventory value adjustment.
C) A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
D) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
E) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.

3. You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A) The application will generate an error because there are two work definitions for the same item.
B) The scenario will choose the work definition that is production priority 1.
C) The cost planning scenario will use both work definitions for the item.
D) The application will use the work definition that is named Plan B.
E) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Clear Receipt Accrual Balances process.
B) Run the Transactions from Receiving to Costing process.
C) Run the Transfer Costs from Payables to Cost Management process.
D) Run the Transactions from Procurement to Costing process.
E) Run the Create Accounting process.

5. 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) Routes
C) Material Receipts
D) PreReference Types
E) Trade Operation Template

Solutions: