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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. 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

2. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Burdens have not been established for the item
B) Outstanding purchase orders have not been received.
C) The Work Definition is incomplete.
D) The assembly item is marked as Perpetual Average costed.
E) The item has no on-hand inventory.

3. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Use a different journal entry rule set for each ledger with a different accounting convention.
B) Journal entry rule sets do not require accounting rules.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E) The subledger journal entry rule set does not need the same accounting event type as the accounting method.

4. Which two rules determine whether a condition has been met for accounting rules?

A) Use parenthesis to control the order of the condition evaluation.
B) When the condition is met, the rule associated with that priority is used.
C) After all conditions are tested, the final resulting value is used.
D) Priorities determine the order in which accounting rule conditions are examined.
E) The conditions are evaluated in the sequence they are defined in the accounting rule.

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

A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
B) You can define the name of your expense pool, but you cannot define more than one.
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 used only for analyzing gross margins on noninventory sales of services.

Solutions: