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 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 3

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 4

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 5

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

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