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NEW QUESTION # 20
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- C. 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."
- D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- E. 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.
Answer: C
NEW QUESTION # 21
Identify two ways that standard cost is calculated.
- A. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- 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. Users must manually enter the cost of each configured item; the calculation is not automated.
Answer: A,B
NEW QUESTION # 22
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Expense, Credit Receiving Inspection
- B. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- C. Debit Expense, Credit Expense Accrual
- D. Debit Accrued Liability, Credit Accounts Payable
- E. Debit Receiving Inspection, Credit Accrued Liability
Answer: B
NEW QUESTION # 23
At what level can you define item cost profiles?
- A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- B. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. 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: D
NEW QUESTION # 24
Which four steps need to be completed to establish standard costs for a make item?
- A. Create a new cost scenario
- B. Add standard costs to a cost scenario
- C. Export item costs
- D. Publish costs
- E. Run preprocessor
- F. Complete cost roll-up
Answer: A,B,D,F
NEW QUESTION # 25
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. Create distributions.
- B. Assign accruals to purchase order transactions.
- C. Transfer transactions from receiving.
- D. Transfer to Sub ledger Accounting.
- E. Transfer transactions from payables.
Answer: A
NEW QUESTION # 26
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
- A. The application will generate an error because there are two work definitions for the same item.
- B. The cost planning scenario will use both work definitions for the item.
- C. 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.
- D. The scenario will choose the work definition that is production priority 1.
- E. The application will use the work definition that is named Plan B.
Answer: D
NEW QUESTION # 27
You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?
- A. Cost Scenario
- B. Routes
- C. Charge Name
- D. Orders
- E. Trade Operation
Answer: E
NEW QUESTION # 28
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Grade, Serial, Group, Lot
- B. Subinventory. Lot, Serial, Grade
- C. Subinventory, Make, Lot, Serial
- D. Subinventory, Lot, Serial, Locator
- E. Grade, Subinventory, Locator, Serial
Answer: B
NEW QUESTION # 29
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
- A. Inventory Valuation Report
- B. Costing Balances Report
- C. Inventory Account Balances Report
B COGS Account Balances Report - D. Revenue and COGS Matching Report
Answer: A,B
NEW QUESTION # 30
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. Any secondary ledger that uses the method cannot have a COA.
- C. The accounting method can be assigned to any ledger.
- D. Accounting rules cannot override the accounting method.
- E. The accounting method may only be used by ledgers without a COA.
Answer: C
NEW QUESTION # 31
Which two steps need to be completed to estimate landed costs?
- A. Prepare the Material Purchase Order Data process.
- B. Allocate charges
- C. Transfer transactions from the Inventory to the Costing process.
- D. Transfer transactions from the Payables to the Costing process.
- E. Update standard costs.
Answer: A,B
NEW QUESTION # 32
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Scrap Costs
- B. Variable Costs
- C. Incremental Costs
- D. Output Costs
- E. Input Costs
- F. Standard Cost variances
Answer: A,D,E,F
NEW QUESTION # 33
Identify four characteristics of a cost element.
- A. It is the granularity at which costs are tracked and accounted.
- B. It uses date effectivity.
- C. Users can define any number of cost elements.
- D. The mapping of cost components into cost elements is user-defined.
- E. It is user-defined.
- F. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
Answer: B,D,E,F
NEW QUESTION # 34
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When using segment rules
- B. When account combination rules use constants
- C. Every accounting method should have a COA.
- D. When using ledgers that have unique accounting requirements
- E. When using account combination rules
Answer: A,C
NEW QUESTION # 35
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Standard Cost task.
- B. Manage the Item Cost task.
- C. Import standard costs from receipt layers.
- D. Create Standard Cost in a spreadsheet.
Answer: A,D
NEW QUESTION # 36
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. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- D. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
Answer: A,D
NEW QUESTION # 37
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. Routes
- B. Charge Name
- C. Trade Operation
- D. Trade Operation Templates
- E. Reference Types
Answer: B
NEW QUESTION # 38
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Catalog/Inventory Organization/Business Unit
- B. Item Category/Material Supplier/Landed Cost Charge
- C. Inventory Organization/Landed Cost Charge/Third Party Supplier
- D. Business Unit/Landed Cost Charge/Cost Organization
- E. Item/Business Unit/Route
Answer: A
NEW QUESTION # 39
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions without alternates
- B. Work definitions with the highest production priority
- C. Work definitions with specific unit numbers
- D. Work definitions with the lowest production priority
- E. Work definitions with the highest costing priority
Answer: B,E
NEW QUESTION # 40
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