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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Select the two valid relationships between subledger components.
A) Journal entry rule sets hold journal rules and accounting rules.
B) The accounting method holds the accounting rules by Event Class and Event Type.
C) The journal lines hold the journal entry rule sets.
D) Journal entry rules are used to hold accounting rules.
E) The accounting method groups journal entry rule sets by Event Class and Event Type.
2. You can track costs at what granularity level in Cost Accounting for the actual costing method?
A) Grade, Subinventory, Locator, Serial
B) Grade, Serial, Group, Lot
C) Subinventory. Lot, Serial, Grade
D) Subinventory, Make, Lot, Serial
E) Subinventory, Lot, Serial, Locator
3. You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
A) Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No
B) Run the Transfer Transactions from Inventory to Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No
C) Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No
D) Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No
E) Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No
4. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?
A) Trade Operation
B) Orders
C) Routes
D) Charge Name
E) Cost Scenario
5. At what level can you define item cost profiles?
A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Solutions:
Question # 1 Answer: A,D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |