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

2. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) PreReference Types
B) Material Receipts
C) Routes
D) Charge Names
E) Trade Operation Template

3. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Cost of Goods Sold
B) Retro-reprice
C) In-transit
D) Overhead
E) Adjustments

4. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
B) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
C) There is no difference between owned inventory and consigned inventory.
D) The quantity is tracked in inventory but not as an asset until there is an ownership event
E) The liability for a consigned item occurs when there is an ownership event.
F) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

5. Which two statements are true about Cost Accounting books? (Choose two.)

A) Every cost organization must use different book names; they cannot be shared.
B) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
C) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
D) A cost organization has one book that posts to the primary ledger.

Solutions: