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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Product Model
B) Landed Cost Management
C) Cost Accounting
D) Inventory Management
E) Receipt Accounting

2. Identify two characteristics of an expense pool. (Choose two.)

A) You can define the name of your expense pool, but you cannot define more than one.
B) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is used only for analyzing gross margins on noninventory sales of services.

3. Identify two characteristics of an expense pool. (Choose two.)

A) You can define the name of your expense pool, but you cannot define more than one.
B) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is used only for analyzing gross margins on noninventory sales of services.

4. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) The accounting method can be assigned to any ledger.
B) The accounting method must have a mapping set to convert the accounts.
C) Accounting rules cannot override the accounting method.
D) The accounting method may only be used by ledgers without a COA.
E) Any secondary ledger that uses the method cannot have a COA.

5. A chart of accounts (COA) must be specified on the accounting method for which two situations?

A) When using segment rules
B) Every accounting method should have a COA.
C) When using account combination rules
D) When using ledgers that have unique accounting requirements
E) When account combination rules use constants

Solutions: