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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Which four steps need to be completed to establish standard costs for a make item?

A) Create a new cost scenario
B) Export item costs
C) Complete cost roll-up
D) Run preprocessor
E) Add standard costs to a cost scenario
F) Publish costs

2. Which three cost planning tasks can be performed in the Cost Accounting work area?

A) Estimating Standard Costs for Assemblies
B) Management Cost Accounting Periods
C) Manage Resource Rates
D) Review Item Costs
E) Review Work Order Costs
F) Analyzing and Comparing Costs

3. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A) Transfer transactions from Receiving to Costing.
B) Transfer costs to Cost Management.
C) Activate its journal entry rule set assignments.
D) Execute the Preprocessor.
E) Create Accounting.

4. Identify two ways that standard cost is calculated.

A) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
B) The standard cost is the sum of the cost of the selected option items.
C) Users must manually enter the cost of each configured item; the calculation is not automated.
D) The cost of a configured item is calculated based on the work definition of the model item.
E) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

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

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

Solutions: