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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. What are three cost method choices that are available in Cost Accounting?

A) Periodic average cost
B) Perpetual average cost
C) Actual cost (LIFO or Last In First Out)
D) Period end average cost
E) Standard cost
F) Actual cost (FIFO or First In First Out)

2. Identify two characteristics of Landed Cost charge names.

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

3. You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can't you see this process?

A) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
B) This process can only be scheduled and run from the Receipt Accounting work area
C) Purchase order information should not be imported into Receipt Accounting.
D) Purchase order information is automatically sent to Receipt Accounting using a real-time method
E) You do not have the role to import purchase order information into Receipt Accounting.

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

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

5. You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

A) Charge Name
B) Routes
C) Orders
D) Cost Scenario
E) Trade Operation

Solutions: