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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A) Receipt Accounting-- Receipt Accounting Transactions Real Time
B) Costing-Cost Accounting Real Time
C) Receipt Accounting- Receipt Accounting Distributions Real Time
D) Financials-Subledger Accounting-Detail Transactions
E) Costing -Receipt Accounting Real Time

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

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

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

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

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

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

5. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Outstanding purchase orders have not been received.
B) The Work Definition is incomplete.
C) The assembly item is marked as Perpetual Average costed.
D) The item has no on-hand inventory.
E) Burdens have not been established for the item

Solutions: