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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A) Create the cost in Manage Cost Scenarios.
B) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
C) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
D) This requirement will already be met by the default data generated when using Quick Setup.

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

3. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It is only used when you do not need to maintain an arm's length relationship.
B) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
C) It can help you with consolidated financial reporting.
D) It can help you understand true margins and value added by internal business units through the internal supply chain.
E) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

4. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A) Work definitions with specific unit numbers
B) Work definitions with the highest production priority
C) Work definitions with the highest costing priority
D) Work definitions without alternates
E) Work definitions with the lowest production priority

5. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
B) There is no difference between owned inventory and consigned inventory.
C) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
D) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
E) The quantity is tracked in inventory but not as an asset until there is an ownership event
F) The liability for a consigned item occurs when there is an ownership event.

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