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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three Landed Cost Management tasks.

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

2. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn off the summarize flag in the journal line rule.
B) Turn on detailed posting for GL in the ledger setup.
C) Write a custom report.
D) Turn off merge matching lines in the journal line rule.
E) Extract distribution accounting entries.

3. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Reference Types
B) Charge Name
C) Routes
D) Trade Operation Templates
E) Trade Operation

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

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

5. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A) Order Management
B) Shipping
C) Purchasing
D) Financial Orchestration
E) Inventory

Solutions: