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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

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

2. Identify two ways that standard cost is calculated.

A) The standard cost is the sum of the cost of the selected option items.
B) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
C) The standard cost of the configured item is based on the purchase order price quoted by the
D) The cost of a configured item is calculated based on the work definition of the model item.
E) Users must manually enter the cost of each configured item; the calculation is not automated.

3. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Item Category/Material Supplier/Landed Cost Charge
B) Item Catalog/Inventory Organization/Business Unit
C) Inventory Organization/Landed Cost Charge/Third Party Supplier
D) Item/Business Unit/Route
E) Business Unit/Landed Cost Charge/Cost Organization

4. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Product Model
B) Receipt Accounting
C) Inventory Management
D) Landed Cost Management
E) Cost Accounting

5. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) Every accounting method should have a COA.
B) When using ledgers that have unique accounting requirements
C) When using segment rules
D) When using account combination rules
E) When account combination rules use constants

Solutions: