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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question 1

Identify the four types of cost adjustments.

A. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
B. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
C. A standard cost update will create an inventory value adjustment.
D. Authorized users can manually create cost adjustments.
E. A change to a requisition after the purchase order has been created will create a cost adjustment.
F. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.

Question 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 Account Balances Report
B COGS Account Balances Report
C. Inventory Valuation Report
D. Costing Balances Report

Question 3

You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A. The application will generate an error because there are two work definitions for the same item.
B. The application will use the work definition that is named Plan B.
C. The scenario will choose the work definition that is production priority 1.
D. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
E. The cost planning scenario will use both work definitions for the item.

Question 4

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A. Routes
B. Reference Types
C. Trade Operation Templates
D. Charge Name
E. Trade Operation

Question 5

Which two steps need to be completed to estimate landed costs?

A. Transfer transactions from the Inventory to the Costing process.
B. Transfer transactions from the Payables to the Costing process.
C. Allocate charges
D. Prepare the Material Purchase Order Data process.
E. Update standard costs.

Solutions: