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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

2. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
B) Create the cost in Manage Cost Scenarios.
C) This requirement will already be met by the default data generated when using Quick Setup.
D) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

3. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
B) It is only used when you do not need to maintain an arm's length relationship.
C) It can help you with consolidated financial reporting.
D) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
E) It can help you understand true margins and value added by internal business units through the internal supply chain.

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

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

5. 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 Transactions from Inventory to Costing
C) Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
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

Solutions: