If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
A. The accounting method must have a mapping set to convert the accounts.
B. Accounting rules cannot override the accounting method.
C. The accounting method can be assigned to any ledger.
D. Any secondary ledger that uses the method cannot have a COA.
E. The accounting method may only be used by ledgers without a COA.
Identify three characteristics of cost component to cost element mapping.
A. You cannot modify, duplicate, or create user-defined cost components.
B. You can only define one cost component to cost element mapping for an installation.
C. It is one of the attributes you define as part of your cost profile definitions.
D. It is user-defined.
E. It lets you define how cost component level costs will map into cost elements.
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
A. Inventory
B. Order Management
C. Purchasing
D. Financial Orchestration
E. Shipping
Identify the four types of cost adjustments.
A. A change to a requisition after the purchase order has been created will create a cost adjustment.
B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
C. A standard cost update will create an inventory value adjustment.
D. Authorized users can manually create cost adjustments.
E. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.
F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
Identify three Landed Cost Management tasks.
A. Capture Charges
B. View Rolled Up Costs
C. Manage Cost Scenarios
D. Perform Allocations
E. Create Accounting
F. Review Journal Entries
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security
settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
A. Create Data Access on the Accounts Payable role for the correct cost organization.
B. Create Data Access on the Accounts Payable role for the correct inventory organization.
C. Create Data Access on the Cost Accountant role for the correct inventory organization.
D. Create Data Access on the Cost Accountant role for the correct cost organization.
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 Landed Costs and associate with the Trade Operations Template in Landed Costs.
E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
Identify four processors available in the cost processor.
A. Receipt Processor
B. Cost Distribution Processor
C. Cost Reports Processor
D. Cost of Goods Sold Processor
E. Cost Accounting Processor
F. Costing Period Processor
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the
currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
A. Create a foreign reporting currency to track gain/loss.
B. Create a secondary ledger to track gain/loss.
C. Turn on the Subledger Gain or Loss Option.
D. Subledger Accounting is already set up to process it.
Your organization currently has the August period for this year open. They want to be able to open the
September period, while keeping August open. When you try to open the target period, August of this year,
you get an error.
What must you do to meet your customer's requirement and resolve this error?
A. Perform cost account validations for August in Manage Cost Accounting Periods
B. Run the Transfer Transactions to Costing process.
C. Close the August period; you can never have two open periods at the same time.
D. Change the number of maximum open periods in Manage Cost Organization Relationships
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