Q1) Identify three Landed Cost Management tasks.

· Perform Allocations
· Manage Cost Scenarios
· View Rolled Up Costs
· Capture Charges

· Create Accounting
· Review Journal Entries

Q2) When attempting to open costing periods, your customer is receiving the following
Error: You do not have the required permission. You can request that your help desk ch
What configuration needs to be done so your customer will be able to open the Cost Ac
· Create Data Access on the Cost Accountant role for the correct cost organization.
· Create Data Access on the Cost Accountant role for the correct inventory organization.
· Create Data Access on the Accounts Payable role for the correct inventory organization.
· Create Data Access on the Accounts Payable role for the correct cost organization.

Q3) Identify three characteristics of cost component to cost element mapping.

· It lets you define how cost component level costs will map into cost elements.

· It is one of the attributes you define as part of your cost profile definitions.
· You can onlydefine one cost component to cost element mapping for an installation.
· You cannot modify, duplicate, or create user-defined cost components.
· It is user-defined.

Q4) Select two ways to define the standard cost for an item from the Cost Accounting w
· Manage the Standard Costtask.
· Import standard costs from receipt layers.
· Create Standard Cost in a spreadsheet.

· Manage the Item Cost task.

Q5) Identify the four types of cost adjustments.

· When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the c
· A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods s

· Authorized users can manually create cost adjustments.

· A standard cost update will create an inventory value adjustment.
· A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustmen

· A change to a requisitionafter the purchase order has been created will create a cost adjustment.
Q6) Which three features are included in Receipt Accounting?
· Review Item Costs
· Adjust Receipt Accrual Clearing Balances

· Create ReceiptAccounting Distribution

· Analyze Standard Purchase Cost Variances
· Review Journal Entries

Q7) Which three cost planning tasks can be performed in the Cost Accounting work area
· Manage Resource Rates

· Estimating Standard Costs for Assemblies

· Analyzing and Comparing Costs
· Review Item Costs
· Review Work Order Costs
· Manage Cost Accounting Periods

Q8) In which two scenarios would you define account rules based on value sets?
· When there is a mapping set to convert the accounts

· If a segment shares the same value set across multiple chart of accounts
· In the absence of a chart of accounts on the accounting method
· When asecondary ledger has a different COA
· When a chart of accounts is assigned to the value set definition

Q9) A manager has decided to close the period by not allowing any new trANSactions, e
Which cost period status will allow the system to perform the trANSaction?
· Never Opened
· Permanently Closed
· Closed
· Open
· Close Pending

Q10) Trade events for physical shipmentsare interfaced into the Cost Accounting subled
· Financial Orchestration
· Purchasing
· Order Management
· Inventory
· Shipping
Q11) Which four statements describe what is unique about Cost Accounting for items re
· The quantity is tracked in inventory but not as an asset until there is an ownership event
· A consumption can automatically trigger a momentary ownership trANSaction before the consumption trANSaction.
· The liability for a consigned item occurs when there is an ownership event.

· There is no difference between owned inventory and consigned inventory.

· Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

· Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Q12) Which four steps need to be completed to establish standard costs for a make item
· Add standard costs to a cost scenario.
· Export item costs.

· Publish costs

· Complete cost roll-up.

· Create a new cost scenario.
· Run preprocessor.

Q13) Your client needs to import the relevant trANSactions and tax determinants for the
· TrANSfer Costs to Cost Management, TrANSfer TrANSactions from Inventory to Costing
· TrANSfer TrANSactions from Receiving to Costing, TrANSfer TrANSactions from Inventory to Costing
· TrANSfer TrANSactions from Inventory to Costing, TrANSfer Costs to Cost Management
· TrANSfer Costs to Cost Management, TrANSfer TrANSactions from Receiving to Costing
· TrANSfer TrANSactions from Receiving to Costing, TrANSfer TrANSactions from Inventory to Costing
· TrANSfer TrANSactions from Receiving to Costing, TrANSfer Costs to Cost Management

Q14) Identify four processors available in the cost processor.

· Cost of Goods Sold Processor

· Cost Reports Processor

· Cost Distribution Processor

· Cost Accounting Processor

· Receipt Processor
· Costing Period Processor

Q15) Your client wants their expense items to be accrued at receipt. Which two configur
· Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory A
· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accru
· Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Pe
· Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at At R
· Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify tha
· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accru

Q16) Which two rules determine whether a condition has been met for accounting rules?
· After all conditions are tested, the final resulting value isused.
· Use parenthesis to control the order of the condition evaluation.
· The conditions are evaluated in the sequence they are defined in the accounting rule.
· Priorities determine the order in which accounting rule conditions are examined.
· When the condition is met, the rule associated with that priority is used.

Q17) You are verifying your distributions for your trANSactions. You Just ran the receip
What do you need to do for your receipt to show up?
· Run the TrANSactions from Receiving to Costing process.
· Run the Clear Receipt Accrual Balances process.
· Run the Create Accounting process.
· Run theTrANSfer Costs from Payables to Cost Management process.
· Run the TrANSactions from Procurement to Costing process.

Q18) Which statement is true regarding the cost cutoff date in Cost Accounting?
· It only affects whether or not you can process a cost adjustment.
· TrANSactions with a trANSaction date after the cost cutoff date will not be processed until the cost cutoffdate is chang
· TrANSactions with a trANSaction date before the cost cutoff date will not be processed until the cost cutoff date is cha
· TrANSactions with a trANSaction date after the cost cutoff date will not be processed. These trANSactions will never b

Q19) Your client hasaccounting rules that need specific customization. Which two optio
· The subledger journal entry rule set does not needthe same accounting event type as the accounting method.
· The subledger journal entry rule set does not need the same accounting event class as the accounting method.
· Journal entry rule sets do not require accounting rules.
· Use a different journal entry rule set for each ledger with a different accounting convention.
· Copy and rename predefined subledger journal entry rule sets before modifying them.

Q20) Identify two reference types used to tie a receipt trade operation to an expense inv
· Bill of Lading
· Receipt number
· Expense invoice number
· Shipment number
· Internal requisition number

Q21) Identify two characteristics of an expense pool. (Choose two.)

· It isused only for analyzing gross margins on noninventory sales of services.
· It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead r

· It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto thebalance she
· You can define the name of your expense pool, but you cannot define more than one.

Q22) A chart of accounts (COA) must be specified on the accounting method for which t
· When account combination rules use constants
· Every accounting method should have a COA.
· When using account combination rules
· When using segment rules
· When using ledgers that have unique accounting requirements

Q23) Select the two valid relationships between subledger components.

· Journal entry rules are used to hold accounting rules.

· Journal entry rule sets hold journal rules and accounting rules.
· The journal lines hold the journal entry rule sets.
· The accounting method groups journal entry rule sets by Event Class and Event Type.
· The accounting method holds the accounting rules by Event Class andEvent Type.

Q24) Your client wants to turn on summary for GL posting, but they want the Subledger
How do you accomplish this?
· Turn on detailed posting for GL in the ledger setup.
· Write a custom report.
· Turn off thesummarize flag in the journal line rule.
· Extract distribution accounting entries.
· Turn off merge matching lines in the journal line rule.

Q25) You have finished creating your sub ledger journal entry rule sets and see that the
· Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
· Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
· Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
· ANS Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
· Run the "Activate Accounting Methods" process.

Q26) Which two statements are true about Cost Accounting books? (Choose two.)
· Secondary books can post accounting entries into any ledger, including the primary ledgeror any secondary ledger.
· A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, re

· A cost organization has one book that posts to the primary ledger.
· Every cost organization must use different book names; they cannot be shared.

Q27) You can track costs at what granularity level in Cost Accounting for the actual cos
· Subinventory, Lot, Serial, Locator
· Grade, Subinventory, Locator, Serial
· Subinventory. Lot, Serial, Grade
· Grade, Serial, Group, Lot
· Subinventory, Make, Lot, Serial

Q28) Your client would like to accrue expense items at period end. What subledger journ
· Event Class:Purchase Order Price Adjustment Event Type: Period End Accrual
· Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
· Event Class: Expense Accrual Event Type: Period End Accrual
· Event Class: Period End Accrual Event Type: Period End Accrual
· Event Class: Expense Accrual Event Type: Expense Accrual

Q29) Your customer has asked you to create a report so they can view their receipt acco
Which subject areawould you select to create this report?
· Costing-Cost Accounting Real Time
· Costing -Receipt Accounting Real Time
· Financials-Subledger Accounting-DetailTrANSactions
· Receipt Accounting-- Receipt Accounting TrANSactions Real Time
· Receipt Accounting- Receipt Accounting Distributions Real Time

Q30) Your client is using Quick Setup to implement Costing. They have a requirement to
· Create the cost in Manage Cost Scenarios.
· You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
· This requirement will already be met by the default data generated when using Quick Setup.
· Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

Q31) When running the TrANSfer Costs to Cost Management process,where will the prim
· Purchase order costs; item catalog costs can be used.
· Requisition costs; validated costs can be used.
· Receipt costs; costs include adjustments.
· Payables invoices; invoice price variance can be added to item cost.
· Receivables invoices; actual cost can be used.

Q32) Your client wants to view Landed Cost Variance. Which pair of search options are a
· Inventory Organization and Cost Organization
· Legal Entity and Cost Organization
· Business Unit and Inventory Organization
· Business Unit and Legal Entity
· Inventory Organization and Legal Entity
· Business Unit and Cost Organization

Q33) Which three predefined areas can you review on the Overview page of Cost Accou
· Cost Processing

· Item Cost
· Journal Entries
· Purchase Variance Summary
· Work Order Costs
· Inventory Valuation

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing
A. Internal requisition number
B. Shipment number
C. Expense invoice number
D. Bill of Lading
E. Receipt number

Q34) You need to stimulate and estimate landed cost charges associated with purchase
· Routes
· Charge Name
· Cost Scenario
· Orders
· Trade Operation
Q35) What are three cost method choices that are available in Cost Accounting?
· Actual cost (FIFO or First In First Out)

· Perpetual average cost

· Standard cost
· Periodic average cost
· Actual cost (LIFO or Last In First Out)
· Period end average cost

Q36) Which two steps need to be completed to estimate landed costs?

· Prepare the Material Purchase Order Data process.
· Update standard costs.

· Allocate charges
· TrANSfer trANSactions from the Payables to the Costing process.
· TrANSfer trANSactions from the Inventory to the Costing process.

Q37) Landed Cost Variance Analysis can be performed based on which three dimension
· tem Catalog/Inventory Organization/Business Unit
· InventoryOrganization/Landed Cost Charge/Third Party Supplier
· Item Category/Material Supplier/Landed Cost Charge
· Item/Business Unit/Route
· Business Unit/Landed Cost Charge/Cost Organization

Q38) Which two types of costs are included in the cost of contract manufactured items?
· The cost of the contract manufacturing service Item. This is the price that the contract
· Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair pro
· The cost of resources consumed at the OEM's factory
· The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and th

· The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer

Q39) Which four predefined costing reports can you use to gatherinformation to review
· Layer Inventory Valuation Report
· Work in Process Inventory Valuation Report

· COGS and Revenue Matching Report

· In-trANSit Valuation Report

· Costing Account Balances Report

· Cost Accounting Valuation Report
· Inventory Valuation Report

Q40) An invoice is created in a foreign currency. The invoice is not paid until several we
How do you get the journal line rule to calculate the gain or loss?
· Subledger Accounting is already set up to process it.
· Turn on the Subledger Gain or LossOption.
· Create a secondary ledger to track gain/loss.
· Create a foreign reporting currency to track gain/loss.

Q41) How is the standard cost of a manufactured configured item calculated?

· The standard cost is calculated for every possible combination of options under a model
· It is based on the actual cost of the work order after it is completed.
· It is based on the material and resource requirements of a released work order.
· The standard cost of a model item is calculated.

Q42) Assume today is November 15, 2015, and you are getting ready to implement new s
How will the application select the work definition?
· It will use the work definition with the January 2, 2016effective date.
· Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work
· It must always use the work definition with the October 1, 2015 effective date.
· You will receive an error because the application will detect that all three are plausible, and it will be unable to determi

Q43) Which two outcomes can happen in create accounting when an account combinati
· An error will always occur.
· The preprocessor willpre-warn about this error.
· An alternate account will be used if provided.
· Suspense accounts cannot be used.
· The original account is stored on the journal line.

Q44) You have configured your expense items to accrue at receipt. You have created a f
Which accounting entries signal this process has taken place?
· Debit Expense, Credit Receiving Inspection
· Debit Receiving Inspection, Credit Accrued Liability
· Debit Accrued Liability, Credit Accounts Payable
· Debit Charge Account (expense or inventory), Credit Receiving Inspection
· Debit Expense, Credit Expense Accrual

Q45) You have made some changes to your subledger accounting setups for Costing an
How can you generate a report that allows you to see the subledger journal entries for t
· Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Sty
· Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Repo
· Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Repo
· Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft ‘Report Style
· Run the TrANSfer TrANSactions from Invent
· ory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * TrANSfer to

Q46) Identify two purposes of Sub ledger Accounting.

· to centralize accounting string generation across all modules
· to create accounting strings that can be viewed and corrected just before they are trANSferred to the General Ledger

· to calculate costs for trANSactions

· to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level
· to maintain backward compatibility

Q47) Your customer wants to run a report to review account balances for bothinventory
· Inventory Valuation Report
· Revenue and COGS Matching Report
· Costing Balances Report
· ANS Inventory Account Balances Report B COGS Account Balances Report

Q48) Identify two characteristics of Landed Cost charge names.

· Charge names cannot be associated with a PO schedule.
· You can use multiple currencies within a trade operation for the samecharge name on different lines.
· Charge names cannot be used to tie an invoice to a trade operation.
· You can modify a charge name until it is associated with a trade operation.
· Duty is a seededcharge name for Landed Cost.

Q49) What are the predefined areas that give youvisibility into the status of Receipt Acco
· Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
· Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting TrANSactions
· Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
· Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting TrANSactions
· Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting TrANSactions
Q50) Which two things must your customer check daily in order to ensure that all their p
· Review their distributions that show the debit and credit information specific to the Receipt Accounting trANSaction se
· Review their Receipt Accounting processes that show whether any processes failed and why.
· Review their audit receipt accrual clearing balances.
· Review their journal entries, including their sub-ledger accounting events and class where the charges from the purcha

· Review their accrual balances and clear them.

Q51) If the Create Accounting process ends with errors or warnings, which three statem
· Review errors in the Create Accounting Execution log.
· Refer to the Accounting Event Diagnostic report.
· Refer to the Accounting Event Diagnostic log.
· ANS Review errors in the Create Accounting Execution report.
· Query the trANSaction from Review Cost Accounting Distributions to see the error message.

Q52) The process to map the APinvoices to the trade operation charges has completed.
· Routes
· Reference Types
· Charge Names
· Material Receipts
· Trade Operation Template

Q53) At what level can you define item cost profiles?

· Different items within an inventory organization can use different cost profiles, but items within an item category must
· Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory org
· Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cos
· Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use dif

Q54) Your client only wants to cost inventory items and third party costs. Which two mo
· Inventory Management
· Landed Cost Management
· Cost Accounting
· Receipt Accounting
· Product Model

Q55) Identify four reasons to usethe set ID when defining Cost Accounting setups. (Cho
· You don't have to create any definitions for cost books.
· You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

· Youhave the option to share setup data across all cost organizations using the common set.
· You can control which definitions are visible to different cost organizations
· You can streamline your setup effort.

· You can share definitions across multiple cost organizations.

Q56) Identify four features provided by the Review Work Order Costs UI when displaying
· Standard Cost variances

· Input Costs
· Incremental Costs
· Output Costs
· Variable Costs
· Scrap Costs

Q57) Your client uses actual costing and needs to cost to the subinventory level. They h
Which cost policy supports this requirement?
· Enablee the inventory organization that holds the subinventories to be costed to the subinventory level by changing th
· Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods s
· Create a separate cost organization for the normal goods subinventories and one cost organization for the returned go
· Manually create one cost profile for the normal goods subinventories and one cost profile for the returnedgoods subinv
· Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinvent

Q58) If the accounting method does not have an assigned chart of accounts (COA), whic
· The accounting method may only be used by ledgers without a COA.
· Any secondary ledger that uses the method cannot have a COA.
· Accounting rules cannot override the accounting method.
· The accounting method can be assigned to any ledger.
· Theaccounting method must have a mapping set to convert the accounts.

Q59) After all relevant trANSactions are in Receipt Accounting, which two tasks must be
· Assign accruals to purchase order trANSactions.
· Create distributions.
· TrANSfer trANSactions from receiving.
· TrANSfer trANSactions from payables.
· TrANSfer to Sub ledger Accounting.

Q60) You have an item with two work definitions. One work definition is production prio
How will the application select the work definition?

· The application will use the work definition that isnamed Plan B.
· The application will generate an error because there are two work definitions for the same item.
· The scenario will choose the work definition that is production priority 1.
· The cost planning scenario will use both work definitions for the item.
· While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously
·
·

Q61) Your client originally used Quick Setup to configure Cost Accounting However, aft
What must they do to accomplish this?

· Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation
· They cannot change their current configuration; data generated by Quick Setup cannot be changed.
· They must create their valuation units manually.
· Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

Q62) Identify two ways that standard cost is calculated.

· The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configure
· The standard cost is the sum of the cost of the selected option items.
· The cost of a configured item is calculated based on the work definition of the model item.
· Users must manually enter the cost of each configured item; the calculation is not automated.
· The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

Q63) Identify two criteria to select a specific work definition in an inventory organization
· Work definitionswith the highest costing priority
· Work definitions with the lowest production cost
· Work definitions with the highest production priority
· Work definitions with specific unit numbers
· Work definitions without alternates

Q64) Identify two characteristics of a cost profile.

· It is where you define your Cost Accounting policies.
· It is where you define which cost method you want to use for the costcomponent to cost element mapping.
· It is used for Receipt Accounting.
· It is used for calculating the estimated cost of manufactured items under different scenarios.

Q65) If the accounting method on the Subledger Accounting method page has an assign
· Rule sets that use the same chart of accounts
· Rule sets where the accounting rules override the method rule set
· Rule sets not associated with any chart of accounts
· Rule sets that have a mapping set to convert the accounts
· Rule sets assigned to a secondary ledger with a different COA

Q66) You have configured the application as follows:

• Expense items are set to accrue at receipt.
• Receipt Close tolerance is set to 75 percent.
• Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically se
Which two configurations changes will need to make sure the Accrue on Receipt check
· Change the Purchasing Line types to 3-way match.
· Change inventory items to accrue at period end.
· Change the Purchasing Line types to 4-way match.
· Change expense items to accrue at period end.
· Change the Receipt Close tolerance so it is 100 percent.

Q67) You are trying to import the purchase order information into Receipt Accounting in
· All purchase order information is included in the TrANSfer TrANSactionsfrom Receiving to Costing process. There is n
· You do not have the role to import purchase order information into Receipt Accounting.
· Purchase order information is automatically sent to Receipt Accounting using a real-timemethod
· This process can only be scheduled and run from the Receipt Accounting work area
· Purchase order information should not be imported into Receipt Accounting.

Q68) There are freight charges on an invoice. Which two setups are required to get crea
· Create a condition for a journal line for freight.
· ANS Account Class must be set to Freight.
· Line Type must be set to Freight.
· Sub ledger accounting is set up to accomplish this out-of-the-box.

Q69) You are configuring Landed Cost Management for client proof of conceptand only
· Routes
· Trade Operation Templates
· Reference Types
· Charge Name
· Trade Operation

Q70) Identify four characteristics of a cost element.

· It uses date effectivity.
· It is the granularity at which costs are tracked and accounted.
· It is user-defined.

· The mapping of cost components into cost elements is user-defined.

· It is the most granular level of cost captured by upstream systems such as procurement, accounts payables & manufac
· Users can define any number of cost elements.

Q71) Your customer has a defined financial route that is not the same as the physical ro
Which pair of tasks are required to define and associate routes in Landed Cost Manage
· Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
· Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
· Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
· Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Cos
· Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

Q72) Your organization currently has the August period for this year open. They want to
What must you do to meet your customer's requirement and resolve this error?
· Close the August period; you can never have two open periods at the same time.
· Change the number of maximum open periods in Manage Cost Organization Relationships
· Run the TrANSfer TrANSactions toCosting process.
· Perform cost account validations for August in Manage Cost Accounting Periods

Q73) You have just finished modifying an accounting method. What is thefinal step to co
· Execute thePreprocessor.
· TrANSfer trANSactions from Receiving to Costing.
· TrANSfer costs to Cost Management.
· Create Accounting.
· Activate its journal entry rule set assignments.

Q74) Your client wants to set up some of their items as expenseitems and then enable th
Which two configurations will support this request?

· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue
· Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at A
· Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Invento
· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accru
· Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Per
· Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValu

Q75) Which predefined report should you use from Oracle Business Intelligence Publisher to mana
· Receipt Accounting Real Time Report
· Uninvoiced Receipt Accrual Report
· Accrual Clearing Report
· Accrual Reconciliation Report
· Accrual Supplier Liability Report

Q76) You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling
Identify two reasons this happened.
· Burdens have not been established for the item
· The Work Definition is incomplete.
· Outstanding purchase orders have not been received.
· The assembly item is marked as Perpetual Average costed.
· The item has no on-hand inventory.

Q77) Which three tasks can be completed in the Receipt Accounting work area?
· Manage Accrual Clearing Rules

· Review Cost Accounting Distributions

· Review Item Costs
· Create Receipt Accounting Distributions
· Review and Approve Item Cost Profiles
· Create Accounting

Q78) You are explaining the characteristics of a "profit in inventory" cost element to a client. Which
· It is a special type of cost element that helps you keep track of internal markups when inventory is trANSferred betwee
· It is only used when you do not need to maintain an arm's length relationship.
· It can help you understand true margins and value added by internal business units through the internal supply chain.
· It can help you with consolidated financial reporting.

· It is a special type of cost element that helps you keep track of internal markups when inventory is trANSferred betwee
cessed for payment are different from the estimated amount on the purchase order.
djustments, which can happen any time before the period is closed permanently.
onsigned?

iptAccounting. What is the correct sequence of processes to accomplish this?

rocess. However, your purchase order receipt is not showing up.

NSaction date.
NSaction date.
processor run.

sh this"1
ry trANSaction unsummarized for detailed analysis and drill down.

e status. Which two steps will ensure that the journal entries are generated?
reated in order for the expense accrual Journal entries to be successfully generated?

with their receipt accounting trANSactions.

ring overhead. How can you make sure that this requirement is met?
ts come from and what is the effect?

ost Variance?

What must you create to make this possible?

ract manufacturer

output Items
ency conversion rate has changed.

year Your cost planning scenario has a January 1, 2016 effective date. An item has three work d

ective date.

ant to verify that the supplier invoices have been created.

urnal entries are showing up correctly.

ally trANSferring to the General Ledger?
Ledger = No* Post in General Ledger = No
neral Ledger = No* Post in General Ledger = No
al Ledger = No * Post in General Ledger = No
er = No • Post in General Ledger = No

al Ledger = No

ds sold. Which two Oracle TrANSactional Business Intelligence reports would you run so the cus

age in the Receipt Accounting work area?

ns from that day have been accounted for in Receipt Accounting Distribution?

n go to get more detailed information about the specific errors and warnings?

cation use to do this?

that is the level at which the default cost profile is defined.

implement to ensure this functionality?

hat hold normal goods and one subinventory that holds returned goods. They want their normal

Costing Level" to "Subinventory."

cost organization.

Sactions to be trANSferred to the General Ledger?

nother work definition is production priority 2 and named Plan B. In your cost planning scenario

policies, they realize that they want to cost some of their lots differently then others

mation in a Cost Planning scenario

A), which two types of Journal entry rule sets can be used?

rk area. Why can't you see this process?

parate accounting line forit?

ks. Which task must be completed?

mediate nodes (internal business units) that are not part of the physical supply chain.

mber period, while keeping August open. When you try to open the target period, August of this
thod configuration?

d end for one of their business units.

plier liabilities for a business unit?

0" cost. However,item costs are available for child (buy) components. In the review work order cost, we are a
ue characteristics of this cost element?
he same business unit.

different business units.

tion has an October l, 2015effective date. A second work definition has a December 1, 2015 effec
e costed differently from their returned goods subinventory.
ork definition selection criteria as name and then production priority, and you have defined the n
osts, but not the rollup cost of the assembly.
nition has a January 2, 2016 effective date.
Answer:A,C,D

Answer: B

3. Identify three Landed Cost Management tasks.

· Perform Allocations
· Manage Cost Scenarios
· View Rolled Up Costs
· Capture Charges

· Create Accounting
· Review Journal Entries

4. Select two ways to define the standard cost for an item from the Cost Accounting work area.
· Manage the Standard Costtask.
· Import standard costs from receipt layers.
· Create Standard Cost in a spreadsheet.

· Manage the Item Cost task.

5. Identify the four types of cost adjustments.

· When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of go
amounts processed for payment are different from the estimated amount on the purchase order.

· A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

· Authorized users can manually create cost adjustments.

· A standard cost update will create an inventory value adjustment.
· A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

· A change to a requisitionafter the purchase order has been created will create a cost adjustment.

6. Which three cost planning tasks can be performed in the Cost Accounting work area?
· Manage Resource Rates

· Estimating Standard Costs for Assemblies

· Analyzing and Comparing Costs
· Review Item Costs
· Review Work Order Costs
· Manage Cost Accounting Periods

7. In which two scenarios would you define account rules based on value sets?
· When there is a mapping set to convert the accounts

· If a segment shares the same value set across multiple chart of accounts
· In the absence of a chart of accounts on the accounting method
· When asecondary ledger has a different COA
· When a chart of accounts is assigned to the value set definition

8. A manager has decided to close the period by not allowing any new trANSactions, except for corre
adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the trANSaction?
· Never Opened
· Permanently Closed
· Closed
· Open
· Close Pending

9. Identify four processors available in the cost processor.

· Cost of Goods Sold Processor

· Cost Reports Processor

· Cost Distribution Processor

· Cost Accounting Processor

· Receipt Processor
· Costing Period Processor

10.Your client wants their expense items to be accrued at receipt. Which two configurations support
requirement?
· Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset V
"No".
· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expens
End.

· Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End

· Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt
· Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inven
is set to "Yes".
· Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expens
Receipt.
11.Your client hasaccounting rules that need specific customization. Which two options allow them t
this"1
· The subledger journal entry rule set does not needthe same accounting event type as the accounting method.
· The subledger journal entry rule set does not need the same accounting event class as the accounting method.
· Journal entry rule sets do not require accounting rules.
· Use a different journal entry rule set for each ledger with a different accounting convention.
· Copy and rename predefined subledger journal entry rule sets before modifying them.

12.Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.
· Bill of Lading
· Receipt number
· Expense invoice number
· Shipment number

· Internal requisition number

13.Select the two valid relationships between subledger components.

· Journal entry rules are used to hold accounting rules.

· Journal entry rule sets hold journal rules and accounting rules.
· The journal lines hold the journal entry rule sets.
· The accounting method groups journal entry rule sets by Event Class and Event Type.
· The accounting method holds the accounting rules by Event Class andEvent Type.

14. Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to
trANSaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
· Turn on detailed posting for GL in the ledger setup.
· Write a custom report.
· Turn off thesummarize flag in the journal line rule.
· Extract distribution accounting entries.
· Turn off merge matching lines in the journal line rule.

15.You have finished creating your sub ledger journal entry rule sets and see that they are still in the
status. Which two steps will ensure that the journal entries are generated?
· Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
· Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
· Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

· Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
· Run the "Activate Accounting Methods" process.

16.You can track costs at what granularity level in Cost Accounting for the actual costing method?
· Subinventory, Lot, Serial, Locator
· Grade, Subinventory, Locator, Serial
· Subinventory. Lot, Serial, Grade
· Grade, Serial, Group, Lot
· Subinventory, Make, Lot, Serial

17.Your customer has asked you to create a report so they can view their receipt accounting distribut
with their receipt accounting trANSactions.
Which subject areawould you select to create this report?
· Costing-Cost Accounting Real Time
· Costing -Receipt Accounting Real Time
· Financials-Subledger Accounting-DetailTrANSactions
· Receipt Accounting-- Receipt Accounting TrANSactions Real Time
· Receipt Accounting- Receipt Accounting Distributions Real Time

18. You need to stimulate and estimate landed cost charges associated with purchase order receipts o
What must you create to make this possible?
· Routes
· Charge Name
· Cost Scenario
· Orders
· Trade Operation

19. Which two steps need to be completed to estimate landed costs?

· Prepare the Material Purchase Order Data process.
· Update standard costs.

· Allocate charges
· TrANSfer trANSactions from the Payables to the Costing process.
· TrANSfer trANSactions from the Inventory to the Costing process.

20. Which two types of costs are included in the cost of contract manufactured items?
· The cost of the contract manufacturing service Item. This is the price that the contract
· Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
· The cost of resources consumed at the OEM's factory

· The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost o
by the contract manufacturer

· The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use
making the output Items

21. How is the standard cost of a manufactured configured item calculated?

· The standard cost is calculated for every possible combination of options under a model
· It is based on the actual cost of the work order after it is completed.
· It is based on the material and resource requirements of a released work order.
· The standard cost of a model item is calculated.

22. Which two outcomes can happen in create accounting when an account combination returned is e
· An error will always occur.
· The preprocessor willpre-warn about this error.
· An alternate account will be used if provided.
· Suspense accounts cannot be used.
· The original account is stored on the journal line.

23.You have made some changes to your subledger accounting setups for Costing and want to verify
journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for trANSactions
actually trANSferring to the General Ledger?
· Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Style = N
TrANSfer to General Ledger = No* Post in General Ledger = No
· Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report St
TrANSfer to General Ledger = No* Post in General Ledger = No
· Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report St
TrANSfer to General Ledger = No * Post in General Ledger = No

· Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft ‘Report Style = De
General Ledger = No • Post in General Ledger = No
· Run the TrANSfer TrANSactions from Inventory to Costing process with the following parameters: * Accounting Mode = D
= Detail * TrANSfer to General Ledger = No * Post in General Ledger = No

24.Identify two purposes of Sub ledger Accounting.

· to centralize accounting string generation across all modules
· to create accounting strings that can be viewed and corrected just before they are trANSferred to the General Ledger

· to calculate costs for trANSactions

· to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level
· to maintain backward compatibility

25.Your customer wants to run a report to review account balances for bothinventory valuation
goods sold. Which two Oracle TrANSactional Business Intelligence reports would you run so th
can review these balances?
· Inventory Valuation Report
· Revenue and COGS Matching Report
· Costing Balances Report

· Inventory Account Balances Report B COGS Account Balances Report

26.If the Create Accounting process ends with errors or warnings, which three statements outli
can go to get more detailed information about the specific errors and warnings?
· Review errors in the Create Accounting Execution log.
· Refer to the Accounting Event Diagnostic report.
· Refer to the Accounting Event Diagnostic log.
· Review errors in the Create Accounting Execution report.
· Query the trANSaction from Review Cost Accounting Distributions to see the error message.
27.The process to map the APinvoices to the trade operation charges has completed. Which ent
application use to do this?
· Routes
· Reference Types
· Charge Names
· Material Receipts
· Trade Operation Template

28. At what level can you define item cost profiles?

· Different items within an inventory organization can use different cost profiles, but items within an item category must all use
profile because that is the level at which the default cost profile is defined.

· Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organizat
· Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profil
· Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different

29. Identify four reasons to usethe set ID when defining Cost Accounting setups. (Choose four)
· You don't have to create any definitions for cost books.
· You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

· Youhave the option to share setup data across all cost organizations using the common set.
· You can control which definitions are visible to different cost organizations
· You can streamline your setup effort.

· You can share definitions across multiple cost organizations.

30. Identify four features provided by the Review Work Order Costs UI when displaying work
· Standard Cost variances

· Input Costs
· Incremental Costs
· Output Costs
· Variable Costs
· Scrap Costs

31. If the accounting method does not have an assigned chart of accounts (COA), which option
· The accounting method may only be used by ledgers without a COA.
· Any secondary ledger that uses the method cannot have a COA.
· Accounting rules cannot override the accounting method.
· The accounting method can be assigned to any ledger.
· Theaccounting method must have a mapping set to convert the accounts.

32. After all relevant trANSactions are in Receipt Accounting, which two tasks must be comple
trANSactions to be trANSferred to the General Ledger?
· Assign accruals to purchase order trANSactions.
· Create distributions.
· TrANSfer trANSactions from receiving.
· TrANSfer trANSactions from payables.
· TrANSfer to Sub ledger Accounting.

33.Identify two ways that standard cost is calculated.

· The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
· The standard cost is the sum of the cost of the selected option items.
· The cost of a configured item is calculated based on the work definition of the model item.
· Users must manually enter the cost of each configured item; the calculation is not automated.
· The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

33.Identify two characteristics of a cost profile.

· It is where you define your Cost Accounting policies.
· It is where you define which cost method you want to use for the costcomponent to cost element mapping.
· It is used for Receipt Accounting.
· It is used for calculating the estimated cost of manufactured items under different scenarios.

34. If the accounting method on the Subledger Accounting method page has an assigned chart o
(COA), which two types of Journal entry rule sets can be used?
· Rule sets that use the same chart of accounts
· Rule sets where the accounting rules override the method rule set
· Rule sets not associated with any chart of accounts
· Rule sets that have a mapping set to convert the accounts
· Rule sets assigned to a secondary ledger with a different COA

35. You have configured the application as follows:

• Expense items are set to accrue at receipt.
• Receipt Close tolerance is set to 75 percent.
• Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected w
added.
Which two configurations changes will need to make sure the Accrue on Receipt check box is n
default?
· Change the Purchasing Line types to 3-way match.
· Change inventory items to accrue at period end.
· Change the Purchasing Line types to 4-way match.
· Change expense items to accrue at period end.
· Change the Receipt Close tolerance so it is 100 percent.

36. Identify four characteristics of a cost element.

· It uses date effectivity.
· It is the granularity at which costs are tracked and accounted.
· It is user-defined.

· The mapping of cost components into cost elements is user-defined.

· It is the most granular level of cost captured by upstream systems such as procurement, accounts payables & manufacturing.
· Users can define any number of cost elements.

37. Your customer has a defined financial route that is not the same as the physical route in tha
intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
· Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
· Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
· Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
· Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
· Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

38.Your organization currently has the August period for this year open. They want to be able
September period, while keeping August open. When you try to open the target period, August
you get an error.
What must you do to meet your customer's requirement and resolve this error?
· Close the August period; you can never have two open periods at the same time.
· Change the number of maximum open periods in Manage Cost Organization Relationships
· Run the TrANSfer TrANSactions toCosting process.
· Perform cost account validations for August in Manage Cost Accounting Periods

39.Which predefined report should you use from Oracle Business Intelligence Publisher to manage the bala
supplier liabilities for a business unit?
· Receipt Accounting Real Time Report
· Uninvoiced Receipt Accrual Report
· Accrual Clearing Report
· Accrual Reconciliation Report
· Accrual Supplier Liability Report

40.Which three tasks can be completed in the Receipt Accounting work area?
· Manage Accrual Clearing Rules

· Review Cost Accounting Distributions

· Review Item Costs
· Create Receipt Accounting Distributions
· Review and Approve Item Cost Profiles
· Create Accounting
41. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three sta
describe true characteristics of this cost element?
· It is a special type of cost element that helps you keep track of internal markups when inventory is trANSferred between inven
that are in the same business unit.
· It is only used when you do not need to maintain an arm's length relationship.
· It can help you understand true margins and value added by internal business units through the internal supply chain.
· It can help you with consolidated financial reporting.

· It is a special type of cost element that helps you keep track of internal markups when inventory is trANSferred between inve
organizations that are in different business units.

42. After "Cost AccountingProcessor" has processed the physical inventory classification of transactions which transaction
process next?
A. In-transit
B. Retro-reprice
C. Adjustments
D. Overhead
E. Cost of Goods Sold

43.When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from
effect?
A. Receivables invoices; actual cost can be used.
B. Payables invoices; invoice price variance can be added to item cost.
C. Receipt costs; costs include adjustments.
D. Requisition costs; validated costs can be used.
E. Purchase order costs; item catalog costs can be used.

44.Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
A. Purchase Variance Summary
B. Journal Entries
C. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing
D. Cost Processing
E. Work Order Costs
F. Inventory Valuation

45. Use Sales order line close date as the COGS Recognition transaction date for Ship only sales order

46. Pre-requisite for Project enabled transaction

Enable procket tracking at inventory level
Default expenditure type
47. Profile to hide receipt accounting workarea infolets
ORA_CMR_HIDE_INFOLETS

48.Profile to hide cost accounting workarea infolets

ORA_CST_HIDE_INFOLETS

49.Signifance of expenditure type in porject enabled work order

50. Pre-requisite module for LCM
51.Purpose of Costing COGS prebuilt OTBI report
52. Characteristics of Item organization
53. If organization is using global procurement and having multiple ledgers then how run control to be created considering
Combine all cost org in one run control
Create cost org seperately for all LE's and it's corresponding individual run controls

Which of the following can you perform by using periods in Cost Accounting?
Create a calendar.
Set up daily buckets.
Recognize monthly buckets.
Manage when transactions are costed and accounted.

Which of the following is not required when creating standard costs?

Cost and Profit Planning
Receipt Accounting
Cost Accounting
Landed Cost Management

Identify the Accrual at Receipt flow.

Delivery > AP Invoice > PO Receipt
PO Receipt > Delivery > AP Invoice
Delivery > PO Receipt > AP Invoice
PO Receipt > AP Invoice > Delivery

Automatic Accrual Clearing is _______.

a process to automatically start the accrual process
a manual method to deal with routine accrual remainders
a process to deal with remainders after Accrual on Receipt
a method of dealing with large accrual variance

Which of the following manufacturing modes are supported in Manufacturing Costing? (Choose three)
Process manufacturing
Contract manufacturing
Work order–less manufacturing
Work order–based manufacturing

After work orders have been created and transacted in Manufacturing, which of the following processes must be run to interface values to
two)
Transfer Transactions from Inventory to Costing
Transfer Transactions from Production to Costing
Create Cost Accounting Distributions
Create Accounting
Which of the following tasks are performed by Landed Cost Management? (Choose three)
Perform Allocations
Create Accounting
Capture Charges
Capture Variances

Which of the following charges are incurred for a shipment in a trade operation? (Choose four)
manufacturing costs
actual charges
estimated charges
variances
cost details

Configure to Order is based on the use of which of the following? (Choose three)
Options
Model Structures
Option Classes
Phantom Structures

Contract Manufacturing helps Original Equipment Manufacturers to _________.

outsource their supply requirements
outsource their packaging requirements
outsource their manufacturing requirements
outsource their Human Capital requirements

Supply Chain Financial Orchestration enables companies to ______.

separate the material transfer flow from the financial flow
recognize financial transactions between supplier and manufacturer
recognize financial transactions between manufacturer and customer

The Monitor Financial Orchestration Execution page provides ______.

visibility to the execution status of financial tasks
visibility to Manufacturing Transactions
visibility to all Financial Orchestration Events
visibility to all Financial Orchestration Entities

Which of the following can trigger Internal Material Transfers? (Choose three)
stock transfer because of inventory min-max planning
when a subinventory is the replenishment source
stock transfer in anticipation of future demand
fulfillment of a back-to-back customer or manufacturing order

Which of the following are broad types of trade accounting? (Choose two)
intercompany invoicing not enabled
Cost Accounting Sub Ledger not enabled
Cost Accounting Sub Ledger enabled
intercompany invoicing enabled

Which of the following are Supply Chain Forward Flow events? (Choose three)
Transfer to Owned
Transfer to Consigned
Sales Order Shipment
Purchase Order Receipt

While maintaining common item structures 'Allow attribute update' setting enables you to manage which of these material controls. (Choo
Serial Number
Supply Type
Lot Number
Cost Rollup

Q.
Your client originally used Quick Setup to configure Cost Accounting Ho
after reviewing their costing policies, they realize that they want to cos
their lots differently than others. What must they do to accomplish this
answer choices
They cannot change their current configuration; data generated by Quick Set
be changed.
They must create their valuation units manually.
Quick Setup generates valuation units so they just have to access those valua
and make their changes.
Quick Setup generates one valuation unit so they can access this to make cha
manually create new valuation units.
Q.
There are freight charges on an invoice. Which two setups are required
create accounting to enter a separate accounting line for it?
answer choices
Sub ledger accounting is set up to accomplish this out-of-the-box.
Line Type must be set to Freight.
Account Class must be set to Freight.
Create a condition for a journal line for freight.

Q.
What are the predefined areas that give you visibility into the status of
Accounting, on the overview page in the Receipt Accounting work area?
answer choices
Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt
Transactions
Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt
Accounting Transactions
Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt
Accounting Period Validation Status
Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt
Period Validation Status
Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Rece
Accounting Transactions