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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three characteristics of cost component to cost element mapping.

A) You can only define one cost component to cost element mapping for an installation.
B) It lets you define how cost component level costs will map into cost elements.
C) It is one of the attributes you define as part of your cost profile definitions.
D) You cannot modify, duplicate, or create user-defined cost components.
E) It is user-defined.

2. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Activate its journal entry rule set assignments.
B) Execute the Preprocessor.
C) Create Accounting.
D) Transfer transactions from Receiving to Costing.
E) Transfer costs to Cost Management.

3. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Burdens have not been established for the item
B) The Work Definition is incomplete.
C) The assembly item is marked as Perpetual Average costed.
D) Outstanding purchase orders have not been received.
E) The item has no on-hand inventory.

4. Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A) Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
B) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
C) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
D) Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
E) Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
F) Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

5. How is the standard cost of a manufactured configured item calculated?

A) It is based on the material and resource requirements of a released work order.
B) The standard cost is calculated for every possible combination of options under a model
C) The standard cost of a model item is calculated.
D) It is based on the actual cost of the work order after it is completed.

Solutions: