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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify four processors available in the cost processor.

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

2. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It must always use the work definition with the October 1, 2015 effective date.
B) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
C) It will use the work definition with the January 2, 2016 effective date.
D) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

3. Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

A) Use a different journal entry rule set for each ledger with a different accounting convention.
B) Journal entry rule sets do not require accounting rules.
C) Copy and rename predefined subledger journal entry rule sets before modifying them.
D) The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E) The subledger journal entry rule set does not need the same accounting event type as the accounting method.

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

5. Which statement is true regarding the cost cutoff date in Cost Accounting?

A) Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
B) Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
C) Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
D) It only affects whether or not you can process a cost adjustment.

Solutions: