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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Every cost organization must use different book names; they cannot be shared.
C) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D) A cost organization has one book that posts to the primary ledger.

2. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Bill of Lading
B) Shipment number
C) Expense invoice number
D) Internal requisition number
E) Receipt number

3. Identify two characteristics of an expense pool. (Choose two.)

A) You can define the name of your expense pool, but you cannot define more than one.
B) It is used only for analyzing gross margins on noninventory sales of services.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

4. Identify three Landed Cost Management tasks.

A) Review Journal Entries
B) Create Accounting
C) Manage Cost Scenarios
D) Perform Allocations
E) Capture Charges
F) View Rolled Up Costs

5. 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 Transfer Costs from Payables to Cost Management process.
B) Run the Create Accounting process.
C) Run the Transactions from Receiving to Costing process.
D) Run the Clear Receipt Accrual Balances process.
E) Run the Transactions from Procurement to Costing process.

Solutions: