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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Retro-reprice
B) Adjustments
C) Overhead
D) In-transit
E) Cost of Goods Sold

2. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Analyzing and Comparing Costs
B) Estimating Standard Costs for Assemblies
C) Management Cost Accounting Periods
D) Manage Resource Rates
E) Review Work Order Costs
F) Review Item Costs

3. Identify two characteristics of Landed Cost charge names.

A) You can modify a charge name until it is associated with a trade operation.
B) You can use multiple currencies within a trade operation for the same charge name on different lines.
C) Charge names cannot be associated with a PO schedule.
D) Duty is a seeded charge name for Landed Cost.
E) Charge names cannot be used to tie an invoice to a trade operation.

4. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Closed
B) Close Pending
C) Open
D) Permanently Closed
E) Never Opened

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

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

Solutions: