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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two rules determine whether a condition has been met for accounting rules?

A) After all conditions are tested, the final resulting value is used.
B) The conditions are evaluated in the sequence they are defined in the accounting rule.
C) Use parenthesis to control the order of the condition evaluation.
D) Priorities determine the order in which accounting rule conditions are examined.
E) When the condition is met, the rule associated with that priority is used.

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

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

3. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A) Item Costs
B) Work Order Costs
C) Inventory Valuation
D) Journal Entries
E) Purchase Variance Summary
F) Cost Processing

4. 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.

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

Solutions: