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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify four characteristics of a cost element.

A) It is the granularity at which costs are tracked and accounted.
B) It uses date effectivity.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) The mapping of cost components into cost elements is user-defined.
E) It is user-defined.
F) Users can define any number of cost elements.

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

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

3. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
C) Run the "Activate Accounting Methods" process.
D) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
E) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

4. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A) Trade Operation
B) Charge Name
C) Routes
D) Cost Scenario
E) Orders

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

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

Solutions: