Question 1

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

Options :

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 accounting method.

Answer: A,B

Question 2

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and theAssembly shows "0" cost. However,item costs are available for child (buy) components. In the review workorder cost, we are able to see child components costs, but not the rollup cost of the assembly.Identify two reasons this happened

Options :

A : The item has no on-hand inventory.

B : The assembly item is marked as Perpetual Average costed.

C : Outstanding purchase orders have not been received.

D : The Work Definition is incomplete.

E : Burdens have not been established for the item

Answer: D,E

Question 3

How is the standard cost of a manufactured configured item calculated?

Options :

A : It is based on the material and resource requirements of a released work order.

B : The standard cost of a model item is calculated.

C : The standard cost is calculated for every possible combination of options under a model

D : It is based on the actual cost of the work order after it is completed.

Answer: A

Question 4

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

Options :

A : Purchase order information is automatically sent to Receipt Accounting using a real-timemethod

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 Transactionsfrom Receiving to Costing process. There is no separate process

E : Purchase order information should not be imported into Receipt Accounting.

Answer: D

Question 5

A manager has decided to close the period by not allowing any new transactions, except for correctionsandadjustments, which can happen any time before the period is closed permanently.Which cost period status will allow the system to perform the transaction?

Options :

A : Open

B : Closed

C : Permanently Closed

D : Never Opened

E : Close Pending

Answer: E