Question 1

Which two rules determine whether a condition has been met for accounting rules?

Options :

A : When the condition is met, the rule associated with thatpriority is used.

B : Priorities determine the order in which accounting rule conditions are examined.

C : The conditions are evaluated in the sequence they are defined in the accounting rule.

D : After all conditions are tested, the final resulting value isused.

E : Use parenthesis to control the order of the condition evaluation.

Answer: A,B

Question 2

Your client needs to import the relevant transactions and tax determinants for their expense items into ReceiptAccounting. What is the correct sequence of processes to accomplish this?

Options :

A : Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

B : Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

C : Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

D : Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

E : Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

Answer: A

Question 3

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

Options :

A : Business Unit and Cost Organization

B : Inventory Organization and Legal Entity

C : Business Unit and Legal Entity

D : Business Unit and Inventory Organization

E : Legal Entity and Cost Organization

F : Inventory Organization and Cost Organization

Answer: F

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

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

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