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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A) Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
B) Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
C) Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
D) Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
E) Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

2. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) They must create their valuation units manually.
C) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

3. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) Every accounting method should have a COA.
B) When using segment rules
C) When account combination rules use constants
D) When using account combination rules
E) When using ledgers that have unique accounting requirements

4. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Grade, Subinventory, Locator, Serial
B) Subinventory. Lot, Serial, Grade
C) Subinventory, Make, Lot, Serial
D) Subinventory, Lot, Serial, Locator
E) Grade, Serial, Group, Lot

5. Which three tasks can be completed in the Receipt Accounting work area?

A) Create Receipt Accounting Distributions
B) Review Cost Accounting Distributions
C) Review Item Costs
D) Create Accounting
E) Manage Accrual Clearing Rules
F) Review and Approve Item Cost Profiles

Solutions: