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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. In which two scenarios would you define account rules based on value sets?

A) If a segment shares the same value set across multiple chart of accounts
B) When there is a mapping set to convert the accounts
C) When a chart of accounts is assigned to the value set definition
D) When a secondary ledger has a different COA
E) In the absence of a chart of accounts on the accounting method

2. Identify three Landed Cost Management tasks.

A) Perform Allocations
B) View Rolled Up Costs
C) Capture Charges
D) Review Journal Entries
E) Manage Cost Scenarios
F) Create Accounting

3. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Bill of Lading
B) Internal requisition number
C) Expense invoice number
D) Receipt number
E) Shipment number

4. What are three cost method choices that are available in Cost Accounting?

A) Actual cost (LIFO or Last In First Out)
B) Perpetual average cost
C) Periodic average cost
D) Actual cost (FIFO or First In First Out)
E) Period end average cost
F) Standard cost

5. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Open
B) Close Pending
C) Permanently Closed
D) Closed
E) Never Opened

Solutions: