Question 1

Identify two characteristics of Landed Cost charge names.

Options :

A : Duty is a seededcharge name for Landed Cost.

B : You can modify a charge name until it is associated with a trade operation.

C : Charge names cannot be used to tie an invoice to a trade operation.

D : You can use multiple currencies within a trade operation for the samecharge name on different lines.

E : Charge names cannot be associated with a PO schedule.

Answer: A,B

Question 2

Your client wants to set up some of their items as expenseitems and then enable them to be accrued at periodend for one of their business units.Which two configurations will support this request?

Options :

A : Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No"

B : Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

C : Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End.

D : Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

E : Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

F : Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer: A,B

Question 3

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

Question 4

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 5

If the Create Accounting process ends with errors or warnings, which three statements outline places you cango to get more detailed information about the specific errors and warnings?

Options :

A : Query the transaction from Review Cost Accounting Distributions to see the error message.