NEW QUESTION 1
After "Cost AccountingProcessor" has processed the physical inventory classification of transactions which transaction types will it process next?

• A. In-transit
• B. Retro-reprice
• C. Adjustments
• D. Overhead
• E. Cost of Goods Sold

Answer: D

NEW 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?

• 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 Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
• F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

Answer: A

NEW QUESTION 3
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 4
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

• A. Rule sets assigned to a secondary ledger with a different COA
• B. Rule sets that have a mapping set to convert the accounts
• C. Rule sets not associated with any chart of accounts
• D. Rule sets where the accounting rules override the method rule set
• E. Rule sets that use the same chart of accounts

Answer: AD

NEW QUESTION 5
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 6
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 7
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

• A. Debit Charge Account (expense or inventory), Credit Receiving Inspection
• B. Debit Accrued Liability, Credit Accounts Payable
• C. Debit Receiving Inspection, Credit Accrued Liability
• D. Debit Expense, Credit Receiving Inspection
• E. Debit Expense, Credit Expense Accrual

Answer: A

NEW QUESTION 8
The process to map the APinvoices to the trade operation charges has completed. Which entity did the application use to do this?

• A. Material Receipts
• B. Charge Names
• C. PreReference Types
• D. Routes
• E. Trade Operation Template

Answer: C

NEW QUESTION 9
Select the two valid relationships between subledger components.

• A. The accounting method holds the accounting rules by Event Class andEvent Type.
• B. The journal lines hold the journal entry rule sets.
• C. The accounting method groups journal entry rule sets by Event Class and Event Type.
• D. Journal entry rules are used to hold accounting rules.
• E. Journal entry rule sets hold journal rules and accounting rules.

Answer: DE

Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

NEW QUESTION 10
You are configuring Landed Cost Management for client proof of conceptand only want to set up required tasks. Which task must be completed?

• A. Charge Name
• B. Reference Types
• C. Trade Operation Templates
• D. Routes
• E. Trade Operation

Answer: B

NEW QUESTION 11
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 12
Identify four features provided by the Review Work Order Costs UI when displaying work order

• A. Scrap Costs
• B. Variable Costs
• C. Output Costs
• D. Incremental Costs
• E. Input Costs
• F. Standard Cost variances

Answer: ACEF

NEW QUESTION 13
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 14
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 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
Identify two purposes of Sub ledger Accounting.

• A. to maintain backward compatibility
• B. to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level
• C. to calculate costs for transactions
• D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
• E. to centralize accounting string generation across all modules

Answer: CD

NEW QUESTION 17
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2021 effective date. An item has three work definitions. One work definition has an October l, 2015effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2021 effective date.
How will the application select the work definition?

• A. It will use the work definition with the January 2, 2021effective date.
• B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
• C. It must always use the work definition with the October 1, 2015 effective date.
• D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: D

NEW QUESTION 18
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

• A. Event Class: Expense Accrual Event Type: Expense Accrual
• B. Event Class: Period End Accrual Event Type: Period End Accrual
• C. Event Class: Expense Accrual Event Type: Period End Accrual
• D. Event Class:Purchase Order Price Adjustment Event Type: Period End Accrual
• E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Answer: B

NEW QUESTION 19
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 20
Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

• A. Inventory
• B. Order Management
• C. Purchasing
• D. Financial Orchestration
• E. Shipping

Answer: D

NEW QUESTION 21
Landed Cost Variance Analysis can be performed based on which three dimension combinations?

• A. Business Unit/Landed Cost Charge/Cost Organization
• B. Item/Business Unit/Route
• C. Item Category/Material Supplier/Landed Cost Charge
• D. InventoryOrganization/Landed Cost Charge/Third Party Supplier
• E. Item Catalog/Inventory Organization/Business Unit

Answer: E

NEW QUESTION 22
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