Question 1

You have made some changes to your subledger accounting setups for Costing and want to verify that thejournal entries are showing up correctly.How can you generate a report that allows you to see the subledger journal entries for transactions withoutactually transferring to the General Ledger?

Options :

A : Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Draft •Report Style = Detail• Transfer to General Ledger = No • Post in General Ledger = No

B : Run the Transfer Transactions from Inventory to Costing process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger = No

C : Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger = No

D : Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Final • Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

E : Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Final • Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

Answer: A

Question 2

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 3

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 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

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