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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two characteristics of Landed Cost charge names.

A) You can use multiple currencies within a trade operation for the same charge name on different lines.
B) You can modify a charge name until it is associated with a trade operation.
C) Charge names cannot be associated with a PO schedule.
D) Duty is a seeded charge name for Landed Cost.
E) Charge names cannot be used to tie an invoice to a trade operation.

2. Identify two characteristics of an expense pool. (Choose two.)

A) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It is used only for analyzing gross margins on noninventory sales of services.
D) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

3. Identify four processors available in the cost processor.

A) Cost Distribution Processor
B) Cost Accounting Processor
C) Receipt Processor
D) Cost of Goods Sold Processor
E) Cost Reports Processor
F) Costing Period Processor

4. You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A) The cost planning scenario will use both work definitions for the item.
B) The application will use the work definition that is named Plan B.
C) The scenario will choose the work definition that is production priority 1.
D) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
E) The application will generate an error because there are two work definitions for the same item.

5. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Review Work Order Costs
B) Management Cost Accounting Periods
C) Estimating Standard Costs for Assemblies
D) Review Item Costs
E) Analyzing and Comparing Costs
F) Manage Resource Rates

Solutions: