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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) Every cost organization must use different book names; they cannot be shared.
C) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D) A cost organization has one book that posts to the primary ledger.

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

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

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

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

4. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) Accounting rules cannot override the accounting method.
B) The accounting method can be assigned to any ledger.
C) Any secondary ledger that uses the method cannot have a COA.
D) The accounting method may only be used by ledgers without a COA.
E) The accounting method must have a mapping set to convert the accounts.

5. Identify four processors available in the cost processor.

A) Cost Accounting Processor
B) Costing Period Processor
C) Receipt Processor
D) Cost Reports Processor
E) Cost of Goods Sold Processor
F) Cost Distribution Processor

Solutions: