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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Identify two characteristics of Landed Cost charge names.
A) You can use multiple currencies within a trade operation for the same charge name on different lines.
B) Duty is a seeded charge name for Landed Cost.
C) Charge names cannot be used to tie an invoice to a trade operation.
D) Charge names cannot be associated with a PO schedule.
E) You can modify a charge name until it is associated with a trade operation.
2. Identify two characteristics of a cost profile.
A) It is where you define which cost method you want to use for the cost component to cost element mapping.
B) It is used for Receipt Accounting.
C) It is used for calculating the estimated cost of manufactured items under different scenarios.
D) It is where you define your Cost Accounting policies.
3. Identify two characteristics of an expense pool. (Choose two.)
A) You can define the name of your expense pool, but you cannot define more than one.
B) It is used only for analyzing gross margins on noninventory sales of services.
C) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
4. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
A) Product Model
B) Inventory Management
C) Receipt Accounting
D) Landed Cost Management
E) Cost Accounting
5. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
A) Create a foreign reporting currency to track gain/loss.
B) Create a secondary ledger to track gain/loss.
C) Turn on the Subledger Gain or Loss Option.
D) Subledger Accounting is already set up to process it.
Solutions:
| Question # 1 Answer: A,E | Question # 2 Answer: B,D | Question # 3 Answer: C,D | Question # 4 Answer: B | Question # 5 Answer: C |
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