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

A.  

Inventory Account Balances Report

B COGS Account Balances Report

B.  

Revenue and COGS Matching Report

C.  

Costing Balances Report

D.  

Inventory Valuation Report

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.

A.  

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

B.  

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 purchaseorder.

C.  

A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

D.  

A standard cost update will create an inventory value adjustment.

E.  

Authorized users can manually create cost adjustments.

A.  

Internal requisition number

B.  

Shipment number

C.  

Expense invoice number

D.  

Bill of Lading

E.  

Receipt number

A.  

Transfer transactions from the Inventory to the Costing process.

B.  

Transfer transactions from the Payables to the Costing process.

C.  

Update standard costs.

D.  

Allocate charges

E.  

Prepare the Material Purchase Order Data process.

A.  

Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

B.  

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

C.  

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

D.  

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

E.  

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

F.  

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

A.  

Capture Charges

B.  

View Rolled Up Costs

C.  

Manage Cost Scenarios

D.  

Perform Allocations

E.  

Create Accounting

F.  

Review Journal Entries

A.  

Analyze Standard Purchase Cost Variances

B.  

Create Receipt Accounting Distribution

C.  

Review Item Costs

D.  

Adjust Receipt Accrual Clearing Balances

E.  

Review Journal Entries

A.  

When a chart of accounts is assigned to the value set definition

B.  

When a secondary ledger has a different COA

C.  

In the absence of a chart of accounts on the accounting method

D.  

When there is a mapping set to convert the accounts

E.  

If a segment shares the same value set across multiple chart of accounts

A.  

Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

B.  

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

C.  

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

D.  

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

E.  

EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

A.  

Users must manually enter the cost of each configured item; the calculation is not automated.

B.  

The standard cost is the sum of the cost of the selected option items.

C.  

The cost of a configured item is calculated based on the work definition of the model item.

D.  

The standard cost of the configured item is based on the purchase order price quoted by the

supplier for the configured item.

E.  

The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

A.  

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

B.  

There is no difference between owned inventory and consigned inventory.

C.  

The liability for a consigned item occurs when there is an ownership event.

D.  

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

E.  

The quantity is tracked in inventory but not as an asset until there is an ownership event

F.  

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

A.  

Change expense items to accrue at period end.

B.  

Change the Purchasing Line types to 4-way match.

C.  

Change inventory items to accrue at period end.

D.  

Change the Purchasing Line types to 3-way match.

E.  

Change the Receipt Close tolerance so it is 100 percent.

A.  

Purchase order information is automatically sent to Receipt Accounting using a real-time method

B.  

This process can only be scheduled and run from the Receipt Accounting work area

C.  

You do not have the role to import purchase order information into Receipt Accounting.

D.  

All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

E.  

Purchase order information should not be imported into Receipt Accounting.

A.  

The scenario will choose the work definition that is production priority 1.

B.  

The cost planning scenario will use both work definitions for the item.

C.  

The application will generate an error because there are two work definitions for the same item.

D.  

The application will use the work definition that is named Plan B.

E.  

While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

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

A.  

The accounting method holds the accounting rules by Event Class and Event Type.

B.  

The journal lines hold the journal entry rule sets.

C.  

The accounting method groups journal entry rule sets by Event Class and Event Type.

D.  

Journal entry rules are used to hold accounting rules.

E.  

Journal entry rule sets hold journal rules and accounting rules.

A.  

It will use the work definition with the January 2, 2016 effective date.

B.  

Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

C.  

It must always use the work definition with the October 1, 2015 effective date.

D.  

You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

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

A.  

It only affects whether or not you can process a cost adjustment.

B.  

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.

C.  

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.

D.  

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.

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.

A.  

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

B.  

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

C.  

Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

D.  

Run the "Activate Accounting Methods" process.

E.  

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.