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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. 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 Receipt Accounting processes that show whether any processes failed and why.
D) Review their accrual balances and clear them.
E) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

2. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Line Type must be set to Freight.
B) Sub ledger accounting is set up to accomplish this out-of-the-box.
C) Create a condition for a journal line for freight.
D) Account Class must be set to Freight.

3. Identify the four types of cost adjustments.

A) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
B) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
C) A change to a requisition after the purchase order has been created will create a cost adjustment.
D) Authorized users can manually create cost adjustments.
E) A standard cost update will create an inventory value adjustment.
F) A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

4. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions without alternates
B) Work definitions with the highest costing priority
C) Work definitions with the highest production priority
D) Work definitions with specific unit numbers
E) Work definitions with the lowest production priority

5. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A) Business Unit/Landed Cost Charge/Cost Organization
B) Item Category/Material Supplier/Landed Cost Charge
C) Item/Business Unit/Route
D) Inventory Organization/Landed Cost Charge/Third Party Supplier
E) Item Catalog/Inventory Organization/Business Unit

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