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

2. Which two steps need to be completed to estimate landed costs?

A) Transfer transactions from the Payables to the Costing process.
B) Allocate charges
C) Transfer transactions from the Inventory to the Costing process.
D) Prepare the Material Purchase Order Data process.
E) Update standard costs.

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

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

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

5. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
B) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
C) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
D) There is no difference between owned inventory and consigned inventory.
E) The liability for a consigned item occurs when there is an ownership event.
F) The quantity is tracked in inventory but not as an asset until there is an ownership event

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