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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

A) Refer to the Accounting Event Diagnostic report.
B) Review errors in the Create Accounting Execution log.
C) Refer to the Accounting Event Diagnostic Log.
D) Review errors in the Create Accounting Execution report.
E) Query the transaction from Review Cost Accounting Distributions to see the error message.

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

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

3. You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A) This process can only be scheduled and run from the Receipt Accounting work area
B) You do not have the role to import purchase order information into Receipt Accounting.
C) Purchase order information should not be imported into Receipt Accounting.
D) All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
E) Purchase order information is automatically sent to Receipt Accounting using a real-time method

4. The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A) Charge Names
B) Material Receipts
C) Trade Operation Template
D) Routes
E) PreReference Types

5. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Manage the Standard Cost task.
B) Manage the Item Cost task.
C) Create Standard Cost in a spreadsheet.
D) Import standard costs from receipt layers.

Solutions: