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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

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

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

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

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

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

4. Which two types of costs are included in the cost of contract manufactured items?

A) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
B) The cost of resources consumed at the OEM's factory
C) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
D) The cost of the contract manufacturing service Item. This is the price that the contract
E) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

5. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
B) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
C) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
D) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
E) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

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