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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two characteristics of an expense pool. (Choose two.)

A) It is used only for analyzing gross margins on noninventory sales of services.
B) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C) You can define the name of your expense pool, but you cannot define more than one.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

2. Which four steps need to be completed to establish standard costs for a make item?

A) Publish costs
B) Export item costs
C) Run preprocessor
D) Add standard costs to a cost scenario
E) Complete cost roll-up
F) Create a new cost scenario

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

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

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

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

5. 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 Supplier Liability Report
B) Accrual Clearing Report
C) Receipt Accounting Real Time Report
D) Uninvoiced Receipt Accrual Report
E) Accrual Reconciliation Report

Solutions: