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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

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

2. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Inventory Valuation Report
B) Revenue and COGS Matching Report
C) Costing Balances Report
D) Inventory Account Balances Report

3. Identify two characteristics of Landed Cost charge names.

A) You can use multiple currencies within a trade operation for the same charge name on different lines.
B) Charge names cannot be used to tie an invoice to a trade operation.
C) Duty is a seeded charge name for Landed Cost.
D) Charge names cannot be associated with a PO schedule.
E) You can modify a charge name until it is associated with a trade operation.

4. 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 Cost Accountant 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 Accounts Payable role for the correct inventory organization.

5. At what level can you define item cost profiles?

A) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
D) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Solutions: