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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

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

3. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Create Standard Cost in a spreadsheet.
B) Import standard costs from receipt layers.
C) Manage the Item Cost task.
D) Manage the Standard Cost task.

4. 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 used only for analyzing gross margins on noninventory sales of services.
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 a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

5. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Cost Organization
B) Business Unit and Legal Entity
C) Inventory Organization and Legal Entity
D) Inventory Organization and Cost Organization
E) Legal Entity and Cost Organization
F) Business Unit and Inventory Organization

Solutions: