Question 1

Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

Options :

A : Inventory Account Balances ReportB COGS Account Balances Report

B : Revenue and COGS Matching Report

C : Costing Balances Report

D : Inventory Valuation Report

Answer: A,C

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 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 4

Identify three characteristics of cost component to cost element mapping.

Options :

A : You cannot modify, duplicate, or create user-defined cost components.

B : You can onlydefine one cost component to cost element mapping for an installation.

C : It is one of the attributes you define as part of your cost profile definitions.

D : It is user-defined.

E : It lets you define how cost component level costs will map into cost elements.

Answer: C,D,E

Question 5

You have configured the application as follows:• Expense items are set to accrue at receipt.• Receipt Close tolerance is set to 75 percent.• Purchasing Line types are set to 2-way match.When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line isadded.Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

Options :

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.

Answer: A,D

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