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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A) Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
B) Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
C) Add the subledger journal entry rule sets to the Manage Accounting Methods task.
D) Run the "Activate Accounting Methods" process.
E) Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

2. Identify four processors available in the cost processor.

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

3. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Legal Entity and Cost Organization
B) Inventory Organization and Cost Organization
C) Business Unit and Legal Entity
D) Business Unit and Inventory Organization
E) Business Unit and Cost Organization
F) Inventory Organization and Legal Entity

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

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

5. Identify two characteristics of a cost profile.

A) It is used for calculating the estimated cost of manufactured items under different scenarios.
B) It is where you define your Cost Accounting policies.
C) It is where you define which cost method you want to use for the cost component to cost element mapping.
D) It is used for Receipt Accounting.

Solutions: