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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) Trade Operation Template
B) Material Receipts
C) Routes
D) Charge Names
E) PreReference Types

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

A) It is used only for analyzing gross margins on noninventory sales of services.
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 a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
D) You can define the name of your expense pool, but you cannot define more than one.

3. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A) Turn off merge matching lines in the journal line rule.
B) Write a custom report.
C) Turn on detailed posting for GL in the ledger setup.
D) Turn off the summarize flag in the journal line rule.
E) Extract distribution accounting entries.

4. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A) Sub ledger accounting is set up to accomplish this out-of-the-box.
B) Line Type must be set to Freight.
C) Account Class must be set to Freight.
D) Create a condition for a journal line for freight.

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

A) It is user-defined.
B) You cannot modify, duplicate, or create user-defined cost components.
C) It lets you define how cost component level costs will map into cost elements.
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.

Solutions: