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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You have the option to share setup data across all cost organizations using the common set.
B) You can share definitions across multiple cost organizations.
C) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
D) You don't have to create any definitions for cost books.
E) You can streamline your setup effort.
F) You can control which definitions are visible to different cost organizations

2. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Expense, Credit Receiving Inspection
B) Debit Receiving Inspection, Credit Accrued Liability
C) Debit Accrued Liability, Credit Accounts Payable
D) Debit Expense, Credit Expense Accrual
E) Debit Charge Account (expense or inventory), Credit Receiving Inspection

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

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

4. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A) Accrual Reconciliation Report
B) Accrual Supplier Liability Report
C) Receipt Accounting Real Time Report
D) Uninvoiced Receipt Accrual Report
E) Accrual Clearing Report

5. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Revenue and COGS Matching Report
B) Inventory Valuation Report
C) Inventory Account Balances Report
B COGS Account Balances Report
D) Costing Balances Report

Solutions: