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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 cost organization.
D) Create Data Access on the Cost Accountant role for the correct inventory organization.

2. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Shipping
B) Inventory
C) Order Management
D) Financial Orchestration
E) Purchasing

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 use the work definition that is named Plan B.
B) The application will generate an error because there are two work definitions for the same item.
C) The scenario will choose the work definition that is production priority 1.
D) The cost planning scenario will use both work definitions for the item.
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. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) The quantity is tracked in inventory but not as an asset until there is an ownership event
B) The liability for a consigned item occurs when there is an ownership event.
C) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
D) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
E) There is no difference between owned inventory and consigned inventory.
F) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

5. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) Suspense accounts cannot be used.
B) An alternate account will be used if provided.
C) The original account is stored on the journal line.
D) An error will always occur.
E) The preprocessor will pre-warn about this error.

Solutions: