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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with the highest costing priority
B) Work definitions without alternates
C) Work definitions with specific unit numbers
D) Work definitions with the lowest production priority
E) Work definitions with the highest production priority

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

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

3. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) Material Receipts
B) PreReference Types
C) Charge Names
D) Trade Operation Template
E) Routes

4. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It can help you understand true margins and value added by internal business units through the internal supply chain.
B) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
C) It is only used when you do not need to maintain an arm's length relationship.
D) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
E) It can help you with consolidated financial reporting.

5. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) COGS and Revenue Matching Report
B) Layer Inventory Valuation Report
C) Costing Account Balances Report
D) In-transit Valuation Report
E) Inventory Valuation Report
F) Work in Process Inventory Valuation Report
G) Cost Accounting Valuation Report

Solutions: