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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. How is the standard cost of a manufactured configured item calculated?

A) It is based on the material and resource requirements of a released work order.
B) It is based on the actual cost of the work order after it is completed.
C) The standard cost of a model item is calculated.
D) The standard cost is calculated for every possible combination of options under a model

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

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) Permanently Closed
C) Close Pending
D) Closed
E) Open

4. You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A) You do not have the role to import purchase order information into Receipt Accounting.
B) This process can only be scheduled and run from the Receipt Accounting work area
C) Purchase order information should not be imported into Receipt Accounting.
D) Purchase order information is automatically sent to Receipt Accounting using a real-time method
E) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

5. Identify the four types of cost adjustments.

A) A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
B) Authorized users can manually create cost adjustments.
C) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
D) A change to a requisition after the purchase order has been created will create a cost adjustment.
E) A standard cost update will create an inventory value adjustment.
F) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Solutions: