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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify two characteristics of Landed Cost charge names.

A) You can modify a charge name until it is associated with a trade operation.
B) Duty is a seeded charge name for Landed Cost.
C) Charge names cannot be associated with a PO schedule.
D) Charge names cannot be used to tie an invoice to a trade operation.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.

2. You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

A) Debit Expense, Credit Expense Accrual
B) Debit Accrued Liability, Credit Accounts Payable
C) Debit Expense, Credit Receiving Inspection
D) Debit Receiving Inspection, Credit Accrued Liability
E) Debit Charge Account (expense or inventory), Credit Receiving Inspection

3. Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

A) Financials-Subledger Accounting-Detail Transactions
B) Costing-Cost Accounting Real Time
C) Receipt Accounting-- Receipt Accounting Transactions Real Time
D) Receipt Accounting- Receipt Accounting Distributions Real Time
E) Costing -Receipt Accounting Real Time

4. Which three tasks can be completed in the Receipt Accounting work area?

A) Review Item Costs
B) Create Receipt Accounting Distributions
C) Review Cost Accounting Distributions
D) Create Accounting
E) Manage Accrual Clearing Rules
F) Review and Approve Item Cost Profiles

5. Which three features are included in Receipt Accounting?

A) Analyze Standard Purchase Cost Variances
B) Review Item Costs
C) Adjust Receipt Accrual Clearing Balances
D) Create Receipt Accounting Distribution
E) Review Journal Entries

Solutions: