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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which three features are included in Receipt Accounting?

A) Analyze Standard Purchase Cost Variances
B) Adjust Receipt Accrual Clearing Balances
C) Create Receipt Accounting Distribution
D) Review Journal Entries
E) Review Item Costs

2. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets that use the same chart of accounts
B) Rule sets assigned to a secondary ledger with a different COA
C) Rule sets where the accounting rules override the method rule set
D) Rule sets not associated with any chart of accounts
E) Rule sets that have a mapping set to convert the accounts

3. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Order Management
B) Purchasing
C) Shipping
D) Inventory
E) Financial Orchestration

4. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A) Work Order Costs
B) Journal Entries
C) Purchase Variance Summary
D) Cost Processing
E) Inventory Valuation
F) Item Costs

5. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Payables invoices; invoice price variance can be added to item cost.
B) Purchase order costs; item catalog costs can be used.
C) Receivables invoices; actual cost can be used.
D) Requisition costs; validated costs can be used.
E) Receipt costs; costs include adjustments.

Solutions: