NEW QUESTION 1
Which two outcomes can happen in create accounting when an account combination returned is end dated?

• 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 willpre-warn about this error.

Answer: AC

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

NEW QUESTION 2
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

Answer: CDF

NEW QUESTION 3
You need to simulateand estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

• A. Orders
• B. Cost Scenario
• C. Charge Name
• D. Routes
• E. Trade Operation

Answer: E

NEW QUESTION 4
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals> Set Accrue Expense Items to At Receipt.
• B. Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
• E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals> Set Accrue Expense Items to Period End.
• F. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

Answer: BD

NEW QUESTION 5
Identify four features provided by the Review Work Order Costs UI when displaying work order

• A. Scrap Costs
• B. Variable Costs
• C. Output Costs
• D. Incremental Costs
• E. Input Costs
• F. Standard Cost variances

Answer: ACEF

NEW QUESTION 6
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line forit?

• A. Sub ledger accounting is set up to accomplish this out-of-the-box.
• B. Line Type must be set to Freight.
• C. Account Class must be set to Freight.
• D. Create a condition for a journal line for freight.

Answer: BC

NEW QUESTION 7
Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.

• A. Internal requisition number
• B. Shipment number
• C. Expense invoice number
• D. Bill of Lading
• E. Receipt number

Answer: AB

NEW QUESTION 8
You are configuring Landed Cost Management for client proof of conceptand only want to set up required tasks. Which task must be completed?

• A. Charge Name
• B. Reference Types
• C. Trade Operation Templates
• D. Routes
• E. Trade Operation

Answer: B

NEW QUESTION 9
A chart of accounts (COA) must be specified on the accounting method for which two situations?

• A. When using ledgers that have unique accounting requirements
• B. When using account combination rules
• C. When account combination rules use constants
• D. Every accounting method should have a COA.
• E. When usingsegment rules

Answer: DE

NEW QUESTION 10
Select two ways to define the standard cost for an item from the Cost Accounting work area.

• A. Manage the Item Cost task.
• B. Import standard costs from receipt layers.
• C. Manage the Standard Costtask.
• D. Create Standard Cost in a spreadsheet.

Answer: AD

NEW QUESTION 11
Identify the four types of cost adjustments.

• A. A change to a requisitionafter 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 differentfrom 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.

Answer: ABDF

NEW QUESTION 12
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

• A. Accrual Supplier Liability Report
• B. Accrual Reconciliation Report
• C. Accrual Clearing Report
• D. Uninvoiced Receipt Accrual Report
• E. Receipt Accounting Real Time Report

Answer: B

Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725

NEW QUESTION 13
When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from and what is the 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.

Answer: A

NEW QUESTION 14
Which four steps need to be completed to establish standard costs for a make item?

• A. Run preprocessor.
• B. Complete cost roll-up.
• C. Publish costs
• D. Export item costs.
• E. Add standard costs to a cost scenario.
• F. Create a new cost scenario.

Answer: ABCD

NEW QUESTION 15
At what level can you define item cost profiles?

• A. Item cost profiles are defined within an inventory organizatio
• B. There can be only one cost method for an inventory organization.
• C. Cost profiles are ultimately defined at the item leve
• D. Different items within the same inventory organization can use different cost profiles.
• E. Item cost profiles are defined at the cost organization leve
• F. All items within a cost organization must use the same cost profile.
• G. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

Answer: A

NEW QUESTION 16
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 cost organization.

Answer: A

NEW QUESTION 17
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?

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

Answer: B

NEW QUESTION 18
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

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

Answer: D

NEW QUESTION 19
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

• A. Event Class: Expense Accrual Event Type: Expense Accrual
• B. Event Class: Period End Accrual Event Type: Period End Accrual
• C. Event Class: Expense Accrual Event Type: Period End Accrual
• D. Event Class:Purchase Order Price Adjustment Event Type: Period End Accrual
• E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Answer: B

NEW QUESTION 20
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 areawould you select to create this report?

• A. Receipt Accounting- Receipt Accounting Distributions Real Time
• B. Receipt Accounting-- Receipt Accounting Transactions Real Time
• C. Costing –Receipt Accounting Real Time
• D. Financials-Subledger Accounting-DetailTransactions
• E. Costing-Cost Accounting Real Time

Answer: D

NEW QUESTION 21
Which two types of costs are included in the cost of contract manufactured items?

• A. 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
• B. The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
• C. The cost of resources consumed at the OEM's factory
• D. The cost of the contract manufacturing service Ite
• E. This is the price that the contract
• F. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Answer: AB

NEW QUESTION 22
What are three cost method choices that are available in Cost Accounting?

• A. Period end average cost
• B. Actual cost (LIFO or Last In First Out)
• C. Periodic average cost
• D. Standard cost
• E. Perpetual average cost
• F. Actual cost (FIFO or First In First Out)

Answer: BEF

NEW QUESTION 23
Your client hasaccounting rules that need specific customization. Which two options allow them to accomplish this"1

• A. Copy and rename predefined subledger journal entry rule sets before modifying them.
• B. Use a different journal entry rule set for each ledger with a different accounting convention.
• C. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
• D. Journal entry rule sets do not require accounting rules.
• E. The subledger journal entry rule set does not needthe same accounting event type as the accountingmethod.

Answer: C

NEW QUESTION 24
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 toCosting 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

Answer: B

NEW QUESTION 25
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