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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which four steps need to be completed to establish standard costs for a make item?

A) Run preprocessor
B) Create a new cost scenario
C) Add standard costs to a cost scenario
D) Complete cost roll-up
E) Export item costs
F) Publish costs

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

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

3. Identify four processors available in the cost processor.

A) Costing Period Processor
B) Cost Accounting Processor
C) Cost Reports Processor
D) Cost of Goods Sold Processor
E) Cost Distribution Processor
F) Receipt Processor

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) 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.

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

Solutions: