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| Section | Objectives |
|---|---|
| Topic 1: Setup and Configuration | - Cost organizations and cost profiles setup - Cost component definitions and mappings - Cost methods and valuation structures |
| Topic 2: Inventory and Costing Processes | - Inventory transactions cost processing - Work in process (WIP) cost flows - Receipt accounting and cost updates |
| Topic 3: Cost Accounting and Distribution | - Subledger accounting integration - Cost accounting distributions |
| Topic 4: Period Close and Reporting | - Cost reports and reconciliation - Cost period close process |
| Topic 5: Cost Management Cloud Overview | - Application architecture and key components - Cost accounting fundamentals in Oracle Cloud |
| Topic 6: Troubleshooting and Best Practices | - Common configuration issues - Performance and reconciliation best practices |
Identify the four types of cost adjustments.
Correct Answer: A,B,C,D 🗳️
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?
Correct Answer: A 🗳️
Identify two characteristics of Landed Cost charge names.
Correct Answer: A,B 🗳️
Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
Correct Answer: D,E 🗳️
Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
Correct Answer: A,C,D,F 🗳️
Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).
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