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

2. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Inventory Organization and Cost Organization
B) Inventory Organization and Legal Entity
C) Legal Entity and Cost Organization
D) Business Unit and Legal Entity
E) Business Unit and Inventory Organization
F) Business Unit and Cost Organization

3. Which two rules determine whether a condition has been met for accounting rules?

A) Use parenthesis to control the order of the condition evaluation.
B) Priorities determine the order in which accounting rule conditions are examined.
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) The conditions are evaluated in the sequence they are defined in the accounting rule.

4. Which three features are included in Receipt Accounting?

A) Adjust Receipt Accrual Clearing Balances
B) Review Journal Entries
C) Analyze Standard Purchase Cost Variances
D) Create Receipt Accounting Distribution
E) Review Item Costs

5. Identify two characteristics of a cost profile.

A) It is used for calculating the estimated cost of manufactured items under different scenarios.
B) It is used for Receipt Accounting.
C) It is where you define your Cost Accounting policies.
D) It is where you define which cost method you want to use for the cost component to cost element mapping.

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