NEW QUESTION 1
What are the predefined areas that give youvisibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

• A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
• B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
• C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
• D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
• E. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt AccountingTransactions

Answer: A

NEW QUESTION 2
You have configured the application as follows:
• Expense items are set to accrue at receipt.
• Receipt Close tolerance is set to 75 percent.
• Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

• A. Change expense items to accrue at period end.
• B. Change the Purchasing Line types to 4-way match.
• C. Change inventory items to accrue at period end.
• D. Change the Purchasing Line types to 3-way match.
• E. Change the Receipt Close tolerance so it is 100 percent.

Answer: BD

NEW QUESTION 3
Which two types of costs are included in the cost of contract manufactured items?

• A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
• B. The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
• C. The cost of resources consumed at the OEM's factory
• D. The cost of the contract manufacturing service Ite
• E. This is the price that the contract
• F. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Answer: AB

NEW QUESTION 4
Which two rules determine whether a condition has been met for accounting rules?

• 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: AC

NEW QUESTION 5
Which four steps need to be completed to establish standard costs for a make item?

• A. Run preprocessor.
• B. Complete cost roll-up.
• C. Publish costs
• D. Export item costs.
• E. Add standard costs to a cost scenario.
• F. Create a new cost scenario.

Answer: ABCD

NEW QUESTION 6
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 7
When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from and what is the effect?

• A. Receivables invoices; actual cost can be used.
• B. Payables invoices; invoice price variance can be added to item cost.
• C. Receipt costs; costs include adjustments.
• D. Requisition costs; validated costs can be used.
• E. Purchase order costs; item catalog costs can be used.

Answer: A

NEW QUESTION 8
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A. Transfer to Sub ledger Accounting.
• B. Transfer transactions from payables.
• C. Transfer transactions from receiving.
• D. Create distributions.
• E. Assign accruals to purchase order transactions.

Answer: D

NEW QUESTION 9
Identify four reasons to usethe set ID when defining Cost Accounting setups. (Choose four)

• A. You can share definitions across multiple cost organizations.
• B. You can control which definitions are visible to different cost organizations
• C. You can streamline your setup effort.
• D. Youhave the option to share setup data across all cost organizations using the common set.
• E. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
• F. You don't have to create any definitions for cost books.

Answer: ACDE

NEW QUESTION 10
Your client wants to set up some of their items as expenseitems and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

• A. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No".
• B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals> Set Accrue Expense Items to Period End.
• C. Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End.
• D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals> Set Accrue Expense Items to At Receipt.

Answer: CF

NEW QUESTION 11
Identify four processors available in the cost processor.

• A. Receipt Processor
• B. Cost Distribution Processor
• C. Cost Reports Processor
• D. Cost of Goods Sold Processor
• E. Cost Accounting Processor
• F. Costing Period Processor

Answer: BCDE

Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.

NEW QUESTION 12
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

• A. Create a foreign reporting currency to track gain/loss.
• B. Create a secondary ledger to track gain/loss.
• C. Turn on the Subledger Gain or LossOption.
• D. Subledger Accounting is already set up to process it.

Answer: A

NEW QUESTION 13
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

• 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: D

NEW QUESTION 14
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

• A. The scenario will choose the work definition that is production priority 1.
• B. The cost planning scenario will use both work definitions for the item.
• C. The application will generate an error because there are two work definitions for the same item.
• D. The application will use the work definition that isnamed Plan B.
• E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Answer: A

NEW QUESTION 15
Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.

• A. Internal requisition number
• B. Shipment number
• C. Expense invoice number
• D. Bill of Lading
• E. Receipt number

Answer: AB

NEW QUESTION 16
Which four predefined costing reports can you use to gatherinformation to review inventory value? (Choose four.)

• A. Costing Account Balances Report
• B. In-transit Valuation Report
• C. COGS and Revenue Matching Report
• D. Work in Process Inventory Valuation Report
• E. Layer Inventory Valuation Report
• F. Cost Accounting Valuation Report
• G. Inventory Valuation Report

Answer: ABCD

NEW QUESTION 17
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

• A. Receipt Accounting
• B. Cost Accounting
• C. Landed Cost Management
• D. Inventory Management
• E. Product Model

Answer: D

NEW QUESTION 18
Identify two characteristics of Landed Cost charge names.

• 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: BD

NEW QUESTION 19
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

• 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

NEW QUESTION 20
Which two outcomes can happen in create accounting when an account combination returned is end dated?

• A. The original account is stored on the journal line.
• B. Suspense accounts cannot be used.
• C. An alternate account will be used if provided.
• D. An error will always occur.
• E. The preprocessor willpre-warn about this error.

Answer: AC

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

NEW QUESTION 21
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject areawould you select to create this report?

• A. Receipt Accounting- Receipt Accounting Distributions Real Time
• B. Receipt Accounting-- Receipt Accounting Transactions Real Time
• C. Costing –Receipt Accounting Real Time
• D. Financials-Subledger Accounting-DetailTransactions
• E. Costing-Cost Accounting Real Time

Answer: D

NEW QUESTION 22
Identify the four types of cost adjustments.

• 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: ABDF

NEW QUESTION 23
Select two ways to define the standard cost for an item from the Cost Accounting work area.

• A. Manage the Item Cost task.
• B. Import standard costs from receipt layers.
• C. Manage the Standard Costtask.
• D. Create Standard Cost in a spreadsheet.

Answer: AD

NEW QUESTION 24
You are verifying your distributions for yourtransactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

• A. Run the Transactions from Procurement to Costing process.
• B. Run theTransfer Costs from Payables to Cost Management process.
• C. Run the Create Accounting process.
• D. Run the Clear Receipt Accrual Balances process.
• E. Run the Transactions from Receiving to Costing process.

Answer: E

NEW QUESTION 25
At what level can you define item cost profiles?

• A. Item cost profiles are defined within an inventory organizatio
• B. There can be only one cost method for an inventory organization.
• C. Cost profiles are ultimately defined at the item leve
• D. Different items within the same inventory organization can use different cost profiles.
• E. Item cost profiles are defined at the cost organization leve
• F. All items within a cost organization must use the same cost profile.
• G. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

Answer: A

NEW QUESTION 26
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