Question 1

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

Options :

A : It is only used when you do not need to maintain an arm-s length relationship.

B : It can help you understand true margins and value added by internal business units through the internal supply chain.

C : It can help you with consolidated financial reporting.

D : It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

E : It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

Answer: B,C,D

Question 2

You are configuring Landed Cost Management for client proof of conceptand only want to set up required tasks. Which task must be completed?

Options :

A : Charge Name

B : Reference Types

C : Trade Operation Templates

D : Routes

E : Trade Operation

Answer: E

Question 3

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.

B : Review errors in the Create Accounting Execution report.

C : Refer to the Accounting Event Diagnostic report.

D : Refer to the Accounting Event Diagnostic log.

E : Review errors in the Create Accounting Execution log.

Answer: B,C,E

Question 4

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

Question 5

Which statement is true regarding the cost cutoff date in Cost Accounting?

Options :

A : It only affects whether or not you can process a cost adjustment.

B : Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.

C : Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

D : Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Answer: B

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