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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Product Model
B) Receipt Accounting
C) Cost Accounting
D) Inventory Management
E) Landed Cost Management

2. Identify two ways that standard cost is calculated.

A) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
B) The cost of a configured item is calculated based on the work definition of the model item.
C) The standard cost is the sum of the cost of the selected option items.
D) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
E) Users must manually enter the cost of each configured item; the calculation is not automated.

3. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Manage the Standard Cost task.
B) Import standard costs from receipt layers.
C) Create Standard Cost in a spreadsheet.
D) Manage the Item Cost task.

4. Identify three Landed Cost Management tasks.

A) Capture Charges
B) Create Accounting
C) Perform Allocations
D) Manage Cost Scenarios
E) View Rolled Up Costs
F) Review Journal Entries

5. Which three features are included in Receipt Accounting?

A) Analyze Standard Purchase Cost Variances
B) Create Receipt Accounting Distribution
C) Adjust Receipt Accrual Clearing Balances
D) Review Journal Entries
E) Review Item Costs

Solutions: