Question 1

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

Options :

A : Transfer to Sub ledger Accounting.

B : Transfer transactions from payables.

C : Transfer transactions from receiving.

D : Create distributions.

E : Assign accruals to purchase order transactions.

Answer: A,D

Question 2

Identify the four types of cost adjustments.

Options :

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: C,D,E,F

Question 3

Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

Options :

A : Inventory

B : Order Management

C : Purchasing

D : Financial Orchestration

E : Shipping

Answer: A

Question 4

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

Options :

A : Receipt Accounting

B : Cost Accounting

C : Landed Cost Management

D : Inventory Management

E : Product Model

Answer: A,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