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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

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

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

2. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
B) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
C) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
D) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
E) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

3. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
B) Run the "Activate Accounting Methods" process.
C) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
D) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
E) Add the subledger journal entry rule sets to the Manage Accounting Methods task.

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

5. Which two steps need to be completed to estimate landed costs?

A) Transfer transactions from the Inventory to the Costing process.
B) Update standard costs.
C) Prepare the Material Purchase Order Data process.
D) Allocate charges
E) Transfer transactions from the Payables to the Costing process.

Solutions: