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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Identify three characteristics of cost component to cost element mapping.
A) You cannot modify, duplicate, or create user-defined cost components.
B) It is one of the attributes you define as part of your cost profile definitions.
C) You can only define one cost component to cost element mapping for an installation.
D) It lets you define how cost component level costs will map into cost elements.
E) It is user-defined.
2. 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) You can define the name of your expense pool, but you cannot define more than one.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
3. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
A) Transfer transactions from Receiving to Costing.
B) Transfer costs to Cost Management.
C) Activate its journal entry rule set assignments.
D) Execute the Preprocessor.
E) Create Accounting.
4. Which two outcomes can happen in create accounting when an account combination returned is end dated?
A) The original account is stored on the journal line.
B) Suspense accounts cannot be used.
C) An error will always occur.
D) The preprocessor will pre-warn about this error.
E) An alternate account will be used if provided.
5. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Accounts Payable role for the correct cost organization.
C) Create Data Access on the Accounts Payable role for the correct inventory organization.
D) Create Data Access on the Cost Accountant role for the correct cost organization.
Solutions:
Question # 1 Answer: B,D,E | Question # 2 Answer: A,D | Question # 3 Answer: C | Question # 4 Answer: A,E | Question # 5 Answer: D |