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NEW QUESTION 11
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. Copy and rename predefined subledger journal entry rule sets before modifying them.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. Journal entry rule sets do not require accounting rules.
- E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
Answer: A
NEW QUESTION 12
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Create Standard Cost in a spreadsheet.
- B. Manage the Item Cost task.
- C. Manage the Standard Cost task.
- D. Import standard costs from receipt layers.
Answer: A,B
NEW QUESTION 13
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 when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change the Receipt Close tolerance so it is 100 percent.
- B. Change the Purchasing Line types to 4-way match.
- C. Change the Purchasing Line types to 3-way match.
- D. Change expense items to accrue at period end.
- E. Change inventory items to accrue at period end.
Answer: B,C
NEW QUESTION 14
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Review Item Costs
- B. Manage Resource Rates
- C. Manage Cost Accounting Periods
- D. Analyzing and Comparing Costs
- E. Review Work Order Costs
- F. Estimating Standard Costs for Assemblies
Answer: B,E,F
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION 15
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An error will always occur.
- B. The preprocessor will pre-warn about this error.
- C. Suspense accounts cannot be used.
- D. An alternate account will be used if provided.
- E. The original account is stored on the journal line.
Answer: D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION 16
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Trade Operation
- B. Reference Types
- C. Trade Operation Templates
- D. Charge Name
- E. Routes
Answer: B
NEW QUESTION 17
Your customer has a defined financial route that is not the same as the physical route in that it involves 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?
- A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
- D. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
- E. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
Answer: A
NEW QUESTION 18
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
- B. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
- C. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
- D. It only affects whether or not you can process a cost adjustment.
Answer: A
NEW QUESTION 19
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It can help you with consolidated financial reporting.
- B. It is only used when you do not need to maintain an arm's length relationship.
- C. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- E. It can help you understand true margins and value added by internal business units through the internal supply chain.
Answer: A,C,D
NEW QUESTION 20
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Journal Entries
- B. Inventory Valuation
- C. Work Order Costs
- D. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing
- E. Cost Processing
- F. Purchase Variance Summary
Answer: B,D,E
NEW QUESTION 21
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Shipping
- C. Financial Orchestration
- D. Purchasing
- E. Inventory
Answer: C
NEW QUESTION 22
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Transfer transactions from receiving.
- B. Assign accruals to purchase order transactions.
- C. Transfer to Sub ledger Accounting.
- D. Create distributions.
- E. Transfer transactions from payables.
Answer: D
NEW QUESTION 23
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Receipt Accounting- Receipt Accounting Distributions Real Time
- B. Costing -Receipt Accounting Real Time
- C. Receipt Accounting-- Receipt Accounting Transactions Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Costing-Cost Accounting Real Time
Answer: D
NEW QUESTION 24
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
- B. The cost of resources consumed at the OEM's factory
- C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- D. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- E. The cost of the contract manufacturing service Item. This is the price that the contract
Answer: A,D
NEW QUESTION 25
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
- B. Run the "Activate Accounting Methods" process.
- C. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
- D. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
- E. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
Answer: A,D
NEW QUESTION 26
What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?
- A. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
Answer: E
NEW QUESTION 27
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
- C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
- E. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- F. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
Answer: A,C
NEW QUESTION 28
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