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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

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

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

3. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) Accounting rules cannot override the accounting method.
B) The accounting method may only be used by ledgers without a COA.
C) Any secondary ledger that uses the method cannot have a COA.
D) The accounting method can be assigned to any ledger.
E) The accounting method must have a mapping set to convert the accounts.

4. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
B) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
C) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
D) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
E) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

5. Identify four characteristics of a cost element.

A) The mapping of cost components into cost elements is user-defined.
B) Users can define any number of cost elements.
C) It is the granularity at which costs are tracked and accounted.
D) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
E) It uses date effectivity.
F) It is user-defined.

Solutions: