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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Create a condition for a journal line for freight.
B) Account Class must be set to Freight.
C) Line Type must be set to Freight.
D) Sub ledger accounting is set up to accomplish this out-of-the-box.

2. You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A) Purchase order information should not be imported into Receipt Accounting.
B) Purchase order information is automatically sent to Receipt Accounting using a real-time method
C) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
D) You do not have the role to import purchase order information into Receipt Accounting.
E) This process can only be scheduled and run from the Receipt Accounting work area

3. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is only used when you do not need to maintain an arm's length relationship.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
D) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
E) It can help you with consolidated financial reporting.

4. In which two scenarios would you define account rules based on value sets?

A) If a segment shares the same value set across multiple chart of accounts
B) When a secondary ledger has a different COA
C) In the absence of a chart of accounts on the accounting method
D) When there is a mapping set to convert the accounts
E) When a chart of accounts is assigned to the value set definition

5. You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A) The application will use the work definition that is named Plan B.
B) The application will generate an error because there are two work definitions for the same item.
C) The scenario will choose the work definition that is production priority 1.
D) The cost planning scenario will use both work definitions for the item.
E) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Solutions: