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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A) The accounting method may only be used by ledgers without a COA.
B) The accounting method can be assigned to any ledger.
C) The accounting method must have a mapping set to convert the accounts.
D) Accounting rules cannot override the accounting method.
E) Any secondary ledger that uses the method cannot have a COA.


2. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A) Revenue and COGS Matching Report
B) Inventory Valuation Report
C) Inventory Account Balances Report
B COGS Account Balances Report
D) Costing Balances Report


3. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A) Accrual Clearing Report
B) Receipt Accounting Real Time Report
C) Accrual Supplier Liability Report
D) Uninvoiced Receipt Accrual Report
E) Accrual Reconciliation Report


4. Identify four processors available in the cost processor.

A) Cost Distribution Processor
B) Receipt Processor
C) Costing Period Processor
D) Cost Accounting Processor
E) Cost Reports Processor
F) Cost of Goods Sold Processor


5. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

A) In-transit Valuation Report
B) Layer Inventory Valuation Report
C) Inventory Valuation Report
D) Cost Accounting Valuation Report
E) COGS and Revenue Matching Report
F) Work in Process Inventory Valuation Report
G) Costing Account Balances Report


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B,D
Question # 3
Answer: E
Question # 4
Answer: A,D,E,F
Question # 5
Answer: A,B,C,G

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