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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify three characteristics of cost component to cost element mapping.

A) It lets you define how cost component level costs will map into cost elements.
B) You cannot modify, duplicate, or create user-defined cost components.
C) It is user-defined.
D) It is one of the attributes you define as part of your cost profile definitions.
E) You can only define one cost component to cost element mapping for an installation.

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 helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
C) It is used only for analyzing gross margins on noninventory sales of services.
D) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

3. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
B) The quantity is tracked in inventory but not as an asset until there is an ownership event
C) The liability for a consigned item occurs when there is an ownership event.
D) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
E) There is no difference between owned inventory and consigned inventory.
F) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

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 helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
C) It is used only for analyzing gross margins on noninventory sales of services.
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 customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A) Costing-Cost Accounting Real Time
B) Receipt Accounting-- Receipt Accounting Transactions Real Time
C) Financials-Subledger Accounting-Detail Transactions
D) Receipt Accounting- Receipt Accounting Distributions Real Time
E) Costing -Receipt Accounting Real Time

Solutions: