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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three Landed Cost Management tasks.

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

2. Which three features are included in Receipt Accounting?

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

3. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
B) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.
C) Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
D) Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
E) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

4. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Cost Accounting
B) Inventory Management
C) Landed Cost Management
D) Receipt Accounting
E) Product Model

5. 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

Solutions: