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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Scrap Costs
B) Input Costs
C) Standard Cost variances
D) Incremental Costs
E) Variable Costs
F) Output Costs

2. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
B) Review their audit receipt accrual clearing balances.
C) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
D) Review their accrual balances and clear them.
E) Review their Receipt Accounting processes that show whether any processes failed and why.

3. 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) 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.
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) The application will generate an error because there are two work definitions for the same item.

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

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

5. At what level can you define item cost profiles?

A) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Solutions: