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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
A) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
B) It will use the work definition with the January 2, 2016 effective date.
C) It must always use the work definition with the October 1, 2015 effective date.
D) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
2. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A) Accrual Reconciliation Report
B) Receipt Accounting Real Time Report
C) Uninvoiced Receipt Accrual Report
D) Accrual Supplier Liability Report
E) Accrual Clearing Report
3. Identify three characteristics of cost component to cost element mapping.
A) You can only define one cost component to cost element mapping for an installation.
B) It is one of the attributes you define as part of your cost profile definitions.
C) It lets you define how cost component level costs will map into cost elements.
D) It is user-defined.
E) You cannot modify, duplicate, or create user-defined cost components.
4. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
A) Write a custom report.
B) Turn off the summarize flag in the journal line rule.
C) Turn on detailed posting for GL in the ledger setup.
D) Extract distribution accounting entries.
E) Turn off merge matching lines in the journal line rule.
5. At what level can you define item cost profiles?
A) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
B) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B,C,D | Question # 4 Answer: E | Question # 5 Answer: A |



