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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Transfer transactions from Receiving to Costing.
B) Create Accounting.
C) Execute the Preprocessor.
D) Activate its journal entry rule set assignments.
E) Transfer costs to Cost Management.

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

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

3. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets not associated with any chart of accounts
B) Rule sets that have a mapping set to convert the accounts
C) Rule sets where the accounting rules override the method rule set
D) Rule sets that use the same chart of accounts
E) Rule sets assigned to a secondary ledger with a different COA

4. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct cost organization.
B) Create Data Access on the Accounts Payable role for the correct cost organization.
C) Create Data Access on the Accounts Payable role for the correct inventory organization.
D) Create Data Access on the Cost Accountant role for the correct inventory organization.

5. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A) Charge Name
B) Cost Scenario
C) Trade Operation
D) Routes
E) Orders

Solutions: