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NEW QUESTION # 11
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Input Costs
- B. Standard Cost variances
- C. Scrap Costs
- D. Variable Costs
- E. Incremental Costs
- F. Output Costs
Answer: A,B,C,F
NEW QUESTION # 12
In which two scenarios would you define account rules based on value sets?
- A. If a segment shares the same value set across multiple chart of accounts
- B. When a chart of accounts is assigned to the value set definition
- C. In the absence of a chart of accounts on the accounting method
- D. When a secondary ledger has a different COA
- E. When there is a mapping set to convert the accounts
Answer: A,E
NEW QUESTION # 13
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can share definitions across multiple cost organizations.
- B. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- C. You can control which definitions are visible to different cost organizations
- D. You can streamline your setup effort.
- E. You have the option to share setup data across all cost organizations using the common set.
- F. You don't have to create any definitions for cost books.
Answer: A,B,D,E
NEW QUESTION # 14
How is the standard cost of a manufactured configured item calculated?
- A. It is based on the material and resource requirements of a released work order.
- B. The standard cost of a model item is calculated.
- C. The standard cost is calculated for every possible combination of options under a model
- D. It is based on the actual cost of the work order after it is completed.
Answer: B
NEW QUESTION # 15
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
- A. Costing Balances Report
- B. Inventory Account Balances Report
B COGS Account Balances Report - C. Inventory Valuation Report
- D. Revenue and COGS Matching Report
Answer: A,C
NEW QUESTION # 16
Identify two characteristics of an expense pool. (Choose two.)
- A. It is used only for analyzing gross margins on noninventory sales of services.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. You can define the name of your expense pool, but you cannot define more than one.
Answer: B,C
NEW QUESTION # 17
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their accrual balances and clear them.
- B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- C. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- D. Review their Receipt Accounting processes that show whether any processes failed and why.
- E. Review their audit receipt accrual clearing balances.
Answer: A,C
NEW QUESTION # 18
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Accounts Payable role for the correct inventory organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct cost organization.
Answer: D
NEW QUESTION # 19
Identify four processors available in the cost processor.
- A. Costing Period Processor
- B. Cost of Goods Sold Processor
- C. Cost Reports Processor
- D. Cost Accounting Processor
- E. Receipt Processor
- F. Cost Distribution Processor
Answer: B,C,D,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.
NEW QUESTION # 20
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?
- A. It can help you understand true margins and value added by internal business units through the internal supply chain.
- B. 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.
- C. 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.
- D. It can help you with consolidated financial reporting.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: A,B,D
NEW QUESTION # 21
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method can be assigned to any ledger.
- B. The accounting method must have a mapping set to convert the accounts.
- C. Accounting rules cannot override the accounting method.
- D. Any secondary ledger that uses the method cannot have a COA.
- E. The accounting method may only be used by ledgers without a COA.
Answer: A
NEW QUESTION # 22
Which two rules determine whether a condition has been met for accounting rules?
- A. The conditions are evaluated in the sequence they are defined in the accounting rule.
- B. Use parenthesis to control the order of the condition evaluation.
- C. When the condition is met, the rule associated with that priority is used.
- D. After all conditions are tested, the final resulting value is used.
- E. Priorities determine the order in which accounting rule conditions are examined.
Answer: C,E
NEW QUESTION # 23
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Line Type must be set to Freight.
- B. Account Class must be set to Freight.
- C. Create a condition for a journal line for freight.
- D. Sub ledger accounting is set up to accomplish this out-of-the-box.
Answer: A,B
NEW QUESTION # 24
Which two steps need to be completed to estimate landed costs?
- A. Transfer transactions from the Payables to the Costing process.
- B. Prepare the Material Purchase Order Data process.
- C. Transfer transactions from the Inventory to the Costing process.
- D. Update standard costs.
- E. Allocate charges
Answer: B,E
NEW QUESTION # 25
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. 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.
- B. 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.
- C. It only affects whether or not you can process a cost adjustment.
- D. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
Answer: D
NEW QUESTION # 26
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Estimating Standard Costs for Assemblies
- B. Manage Resource Rates
- C. Review Item Costs
- D. Analyzing and Comparing Costs
- E. Review Work Order Costs
- F. Management Cost Accounting Periods
Answer: A,B,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 27
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
- A. Open
- B. Permanently Closed
- C. Never Opened
- D. Close Pending
- E. Closed
Answer: E
NEW QUESTION # 28
Identify three Landed Cost Management tasks.
- A. Manage Cost Scenarios
- B. Perform Allocations
- C. Create Accounting
- D. View Rolled Up Costs
- E. Review Journal Entries
- F. Capture Charges
Answer: B,C,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION # 29
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Shipping
- B. Order Management
- C. Financial Orchestration
- D. Inventory
- E. Purchasing
Answer: C
NEW QUESTION # 30
Which three tasks can be completed in the Receipt Accounting work area?
- A. Create Accounting
- B. Create Receipt Accounting Distributions
- C. Review and Approve Item Cost Profiles
- D. Review Cost Accounting Distributions
- E. Review Item Costs
- F. Manage Accrual Clearing Rules
Answer: B,D,F
NEW QUESTION # 31
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