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

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

3. Identify two characteristics of a cost profile.

A) It is where you define your Cost Accounting policies.
B) It is used for calculating the estimated cost of manufactured items under different scenarios.
C) It is where you define which cost method you want to use for the cost component to cost element mapping.
D) It is used for Receipt Accounting.

4. Identify two characteristics of an expense pool. (Choose two.)

A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
B) It is used only for analyzing gross margins on noninventory sales of services.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) You can define the name of your expense pool, but you cannot define more than one.

5. 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 the same business unit.
B) It can help you with consolidated financial reporting.
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 different business units.
D) It can help you understand true margins and value added by internal business units through the internal supply chain.
E) It is only used when you do not need to maintain an arm's length relationship.

Solutions: