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Updated: Sep 04, 2025
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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
1. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
A) This requirement will already be met by the default data generated when using Quick Setup.
B) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
C) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
D) Create the cost in Manage Cost Scenarios.
2. Which two outcomes can happen in create accounting when an account combination returned is end dated?
A) An alternate account will be used if provided.
B) The preprocessor will pre-warn about this error.
C) An error will always occur.
D) Suspense accounts cannot be used.
E) The original account is stored on the journal line.
3. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
A) You don't have to create any definitions for cost books.
B) You can share definitions across multiple cost organizations.
C) You can control which definitions are visible to different cost organizations
D) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
E) You can streamline your setup effort.
F) You have the option to share setup data across all cost organizations using the common set.
4. Select the two valid relationships between subledger components.
A) Journal entry rule sets hold journal rules and accounting rules.
B) The journal lines hold the journal entry rule sets.
C) Journal entry rules are used to hold accounting rules.
D) The accounting method holds the accounting rules by Event Class and Event Type.
E) The accounting method groups journal entry rule sets by Event Class and Event Type.
5. Identify two characteristics of a cost profile.
A) It is where you define which cost method you want to use for the cost component to cost element mapping.
B) It is where you define your Cost Accounting policies.
C) It is used for calculating the estimated cost of manufactured items under different scenarios.
D) It is used for Receipt Accounting.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,E | Question # 3 Answer: B,D,E,F | Question # 4 Answer: A,C | Question # 5 Answer: B,D |
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