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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) Export item costs
B) Complete cost roll-up
C) Run preprocessor
D) Create a new cost scenario
E) Add standard costs to a cost scenario
F) Publish costs
2. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
A) Write a custom report.
B) Turn off the summarize flag in the journal line rule.
C) Extract distribution accounting entries.
D) Turn on detailed posting for GL in the ledger setup.
E) Turn off merge matching lines in the journal line rule.
3. Which two types of costs are included in the cost of contract manufactured items?
A) The cost of the contract manufacturing service Item. This is the price that the contract
B) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
C) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D) The cost of resources consumed at the OEM's factory
E) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
4. Which two steps need to be completed to estimate landed costs?
A) Prepare the Material Purchase Order Data process.
B) Transfer transactions from the Payables to the Costing process.
C) Update standard costs.
D) Allocate charges
E) Transfer transactions from the Inventory to the Costing process.
5. Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
A) Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
B) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.
C) Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
D) Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
E) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
F) Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Solutions:
| Question # 1 Answer: B,D,E,F | Question # 2 Answer: E | Question # 3 Answer: B,E | Question # 4 Answer: A,D | Question # 5 Answer: D,E |
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