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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two ways that standard cost is calculated.

A) The standard cost is the sum of the cost of the selected option items.
B) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
C) Users must manually enter the cost of each configured item; the calculation is not automated.
D) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
E) The cost of a configured item is calculated based on the work definition of the model item.

2. Identify three characteristics of cost component to cost element mapping.

A) You can only define one cost component to cost element mapping for an installation.
B) You cannot modify, duplicate, or create user-defined cost components.
C) It lets you define how cost component level costs will map into cost elements.
D) It is one of the attributes you define as part of your cost profile definitions.
E) It is user-defined.

3. Which three tasks can be completed in the Receipt Accounting work area?

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

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

5. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Internal requisition number
B) Bill of Lading
C) Shipment number
D) Receipt number
E) Expense invoice number

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