Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A) The application will generate an error because there are two work definitions for the same item.
B) The application will use the work definition that is named Plan B.
C) The scenario will choose the work definition that is production priority 1.
D) While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
E) The cost planning scenario will use both work definitions for the item.

2. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Receipt costs; costs include adjustments.
B) Requisition costs; validated costs can be used.
C) Payables invoices; invoice price variance can be added to item cost.
D) Purchase order costs; item catalog costs can be used.
E) Receivables invoices; actual cost can be used.

3. Which two rules determine whether a condition has been met for accounting rules?

A) The conditions are evaluated in the sequence they are defined in the accounting rule.
B) After all conditions are tested, the final resulting value is used.
C) Priorities determine the order in which accounting rule conditions are examined.
D) Use parenthesis to control the order of the condition evaluation.
E) When the condition is met, the rule associated with that priority is used.

4. After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

A) Assign accruals to purchase order transactions.
B) Create distributions.
C) Transfer to Sub ledger Accounting.
D) Transfer transactions from receiving.
E) Transfer transactions from payables.

5. Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A) Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
B) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
C) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.
D) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
E) Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

Solutions: