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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A) Charge Name
B) Cost Scenario
C) Orders
D) Trade Operation
E) Routes

2. Identify two characteristics of a cost profile.

A) It is used for Receipt Accounting.
B) It is used for calculating the estimated cost of manufactured items under different scenarios.
C) It is where you define your Cost Accounting policies.
D) It is where you define which cost method you want to use for the cost component to cost element mapping.

3. At what level can you define item cost profiles?

A) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
B) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

4. You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

A) Change the Purchasing Line types to 4-way match.
B) Change the Purchasing Line types to 3-way match.
C) Change expense items to accrue at period end.
D) Change inventory items to accrue at period end.
E) Change the Receipt Close tolerance so it is 100 percent.

5. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with the lowest production priority
B) Work definitions with the highest production priority
C) Work definitions with the highest costing priority
D) Work definitions without alternates
E) Work definitions with specific unit numbers

Solutions: