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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Grade, Serial, Group, Lot
B) Grade, Subinventory, Locator, Serial
C) Subinventory, Make, Lot, Serial
D) Subinventory. Lot, Serial, Grade
E) Subinventory, Lot, Serial, Locator

2. Identify three Landed Cost Management tasks.

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

3. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) Inventory Valuation Report
B) Costing Account Balances Report
C) Cost Accounting Valuation Report
D) Work in Process Inventory Valuation Report
E) In-transit Valuation Report
F) Layer Inventory Valuation Report
G) COGS and Revenue Matching Report

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

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

5. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You can control which definitions are visible to different cost organizations
B) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
C) You don't have to create any definitions for cost books.
D) You have the option to share setup data across all cost organizations using the common set.
E) You can streamline your setup effort.
F) You can share definitions across multiple cost organizations.

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