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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

A) Review errors in the Create Accounting Execution report.
B) Review errors in the Create Accounting Execution log.
C) Refer to the Accounting Event Diagnostic Log.
D) Refer to the Accounting Event Diagnostic report.
E) Query the transaction from Review Cost Accounting Distributions to see the error message.

2. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

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

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

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

4. How is the standard cost of a manufactured configured item calculated?

A) The standard cost is calculated for every possible combination of options under a model
B) The standard cost of a model item is calculated.
C) It is based on the actual cost of the work order after it is completed.
D) It is based on the material and resource requirements of a released work order.

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

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

Solutions: