Question 1

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 securitysettings.What configuration needs to be done so your customer will be able to open the Cost Accounting period?

Options :

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.

Answer: D

Question 2

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

Options :

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: B,E

Question 3

Identify two characteristics of an expense pool. (Choose two.)

Options :

A : It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto thebalance sheet as inventory value.

B : It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

C : You can define the name of your expense pool, but you cannot define more than one.

D : It isused only for analyzing gross margins on noninventory sales of services.

Answer: A,B

Question 4

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

Options :

A : Orders

B : Cost Scenario

C : Charge Name

D : Routes

E : Trade Operation

Answer: B

Question 5

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the newyear Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. Onework definition has an October l, 2015effective date. A second work definition has a December 1, 2015effective date. A third work definition has a January 2, 2016 effective date.How will the application select the work definition?

Options :

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

Answer: B