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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. 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) 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.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
2. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
A) Run the Transactions from Procurement to Costing process.
B) Run the Transactions from Receiving to Costing process.
C) Run the Clear Receipt Accrual Balances process.
D) Run the Transfer Costs from Payables to Cost Management process.
E) Run the Create Accounting process.
3. Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
A) Change the number of maximum open periods in Manage Cost Organization Relationships
B) Close the August period; you can never have two open periods at the same time.
C) Perform cost account validations for August in Manage Cost Accounting Periods
D) Run the Transfer Transactions to Costing process.
4. Which three cost planning tasks can be performed in the Cost Accounting work area?
A) Analyzing and Comparing Costs
B) Review Work Order Costs
C) Manage Resource Rates
D) Review Item Costs
E) Management Cost Accounting Periods
F) Estimating Standard Costs for Assemblies
5. 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) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
B) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
C) Run the "Activate Accounting Methods" process.
D) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
E) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A,C,F | Question # 5 Answer: A,D |
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