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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Trade Operation Templates
B) Trade Operation
C) Routes
D) Reference Types
E) Charge Name

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

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

3. Which three tasks can be completed in the Receipt Accounting work area?

A) Manage Accrual Clearing Rules
B) Review and Approve Item Cost Profiles
C) Create Receipt Accounting Distributions
D) Review Item Costs
E) Review Cost Accounting Distributions
F) Create Accounting

4. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
B) The subledger journal entry rule set does not need the same accounting event type as the accounting method.
C) Use a different journal entry rule set for each ledger with a different accounting convention.
D) Copy and rename predefined subledger journal entry rule sets before modifying them.
E) Journal entry rule sets do not require accounting rules.

5. Identify two characteristics of Landed Cost charge names.

A) Duty is a seeded charge name for Landed Cost.
B) You can modify a charge name until it is associated with a trade operation.
C) Charge names cannot be associated with a PO schedule.
D) Charge names cannot be used to tie an invoice to a trade operation.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.

Solutions: