PDF Version DemoOracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
A) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
B) Event Class: Period End Accrual Event Type: Period End Accrual
C) Event Class: Expense Accrual Event Type: Period End Accrual
D) Event Class: Expense Accrual Event Type: Expense Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
2. Which two statements are true about Cost Accounting books? (Choose two.)
A) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
B) A cost organization has one book that posts to the primary ledger.
C) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D) Every cost organization must use different book names; they cannot be shared.
3. Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
A) Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
B) Review their Receipt Accounting processes that show whether any processes failed and why.
C) Review their audit receipt accrual clearing balances.
D) Review their accrual balances and clear them.
E) Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
4. You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
A) Run the Transfer Costs from Payables to Cost Management process.
B) Run the Transactions from Receiving to Costing process.
C) Run the Transactions from Procurement to Costing process.
D) Run the Create Accounting process.
E) Run the Clear Receipt Accrual Balances process.
5. Which two rules determine whether a condition has been met for accounting rules?
A) The conditions are evaluated in the sequence they are defined in the accounting rule.
B) Use parenthesis to control the order of the condition evaluation.
C) When the condition is met, the rule associated with that priority is used.
D) After all conditions are tested, the final resulting value is used.
E) Priorities determine the order in which accounting rule conditions are examined.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: C,E |
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