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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which two rules determine whether a condition has been met for accounting rules?

A) After all conditions are tested, the final resulting value is used.
B) When the condition is met, the rule associated with that priority is used.
C) Priorities determine the order in which accounting rule conditions are examined.
D) The conditions are evaluated in the sequence they are defined in the accounting rule.
E) Use parenthesis to control the order of the condition evaluation.

2. Select the two valid relationships between subledger components.

A) The accounting method holds the accounting rules by Event Class and Event Type.
B) The accounting method groups journal entry rule sets by Event Class and Event Type.
C) Journal entry rules are used to hold accounting rules.
D) Journal entry rule sets hold journal rules and accounting rules.
E) The journal lines hold the journal entry rule sets.

3. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Never Opened
B) Close Pending
C) Open
D) Closed
E) Permanently Closed

4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A) Run the Create Accounting process.
B) Run the Transfer Costs from Payables to Cost Management process.
C) Run the Clear Receipt Accrual Balances process.
D) Run the Transactions from Procurement to Costing process.
E) Run the Transactions from Receiving to Costing process.

5. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A) Item Costs
B) Journal Entries
C) Work Order Costs
D) Purchase Variance Summary
E) Inventory Valuation
F) Cost Processing

Solutions: