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Oracle Cost Management Cloud 2023Implementation Essentials

Last Update Nov 27, 2024
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Oracle Cost Management Cloud 2023Implementation Essentials Questions and Answers

Questions 1

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.

How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

Options:

A.

Run the Create Accounting for Costing process with the following parameters:

• Accounting Mode = Draft

• Report Style = Detail

• Transfer to General Ledger = No

• Post in General Ledger = No

B.

Run the Transfer Transactions from Inventory to Costing process with the following parameters:

• Accounting Mode = Draft

• Report Style = Detail

• Transfer to General Ledger = No

• Post in General Ledger = No

C.

Run the Create Cost Accounting Distribution process with the following parameters:

• Accounting Mode = Draft

• Report Style = Detail

• Transfer to General Ledger = No

• Post in General Ledger = No

D.

Run the Create Cost Accounting Distribution process with the following parameters:

• Accounting Mode = Final

• Report Style = No report

• Transfer to General Ledger = No

• Post in General Ledger = No

E.

Run the Create Accounting for Costing process with the following parameters:

• Accounting Mode = Final

• Report Style = No report

• Transfer to General Ledger = No

• Post in General Ledger = No

Questions 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?

Options:

A.

Inventory Account Balances Report

B COGS Account Balances Report

B.

Revenue and COGS Matching Report

C.

Costing Balances Report

D.

Inventory Valuation Report

Questions 3

Which two outcomes can happen in create accounting when an account combination returned is end dated?

Options:

A.

The original account is stored on the journal line.

B.

Suspense accounts cannot be used.

C.

An alternate account will be used if provided.

D.

An error will always occur.

E.

The preprocessor will pre-warn about this error.

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