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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which three tasks can be completed in the Receipt Accounting work area?

A) Create Accounting
B) Review Cost Accounting Distributions
C) Create Receipt Accounting Distributions
D) Review and Approve Item Cost Profiles
E) Review Item Costs
F) Manage Accrual Clearing Rules

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

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

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

4. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Manage Resource Rates
B) Analyzing and Comparing Costs
C) Review Work Order Costs
D) Estimating Standard Costs for Assemblies
E) Review Item Costs
F) Management Cost Accounting Periods

5. Select the two valid relationships between subledger components.

A) The accounting method groups journal entry rule sets by Event Class and Event Type.
B) Journal entry rules are used to hold accounting rules.
C) The journal lines hold the journal entry rule sets.
D) The accounting method holds the accounting rules by Event Class and Event Type.
E) Journal entry rule sets hold journal rules and accounting rules.

Solutions: