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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Expense Accrual Event Type: Period End Accrual
B) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
C) Event Class: Expense Accrual Event Type: Expense Accrual
D) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
E) Event Class: Period End Accrual Event Type: Period End Accrual

2. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Financial Orchestration
B) Purchasing
C) Order Management
D) Inventory
E) Shipping

3. Which statement is true regarding the cost cutoff date in Cost Accounting?

A) Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
B) Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
C) Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
D) It only affects whether or not you can process a cost adjustment.

4. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
D) They must create their valuation units manually.

5. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets where the accounting rules override the method rule set
B) Rule sets that use the same chart of accounts
C) Rule sets assigned to a secondary ledger with a different COA
D) Rule sets not associated with any chart of accounts
E) Rule sets that have a mapping set to convert the accounts

Solutions: