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

2. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

A) Review errors in the Create Accounting Execution report.
B) Review errors in the Create Accounting Execution log.
C) Query the transaction from Review Cost Accounting Distributions to see the error message.
D) Refer to the Accounting Event Diagnostic Log.
E) Refer to the Accounting Event Diagnostic report.

3. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct cost organization.
B) Create Data Access on the Cost Accountant role for the correct inventory organization.
C) Create Data Access on the Accounts Payable role for the correct cost organization.
D) Create Data Access on the Accounts Payable role for the correct inventory organization.

4. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Burdens have not been established for the item
B) Outstanding purchase orders have not been received.
C) The item has no on-hand inventory.
D) The Work Definition is incomplete.
E) The assembly item is marked as Perpetual Average costed.

5. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Scrap Costs
B) Output Costs
C) Incremental Costs
D) Standard Cost variances
E) Variable Costs
F) Input Costs

Solutions: