Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Transfer Costs from Payables to Cost Management process.
B) Run the Transactions from Receiving to Costing process.
C) Run the Create Accounting process.
D) Run the Transactions from Procurement to Costing process.
E) Run the Clear Receipt Accrual Balances process.

2. When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A) Payables invoices; invoice price variance can be added to item cost.
B) Purchase order costs; item catalog costs can be used.
C) Receipt costs; costs include adjustments.
D) Requisition costs; validated costs can be used.
E) Receivables invoices; actual cost can be used.

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

4. What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
B) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
C) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
D) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
E) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

5. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

A) Review their Receipt Accounting processes that show whether any processes failed and why.
B) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
C) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
D) Review their audit receipt accrual clearing balances.
E) Review their accrual balances and clear them.

Solutions: