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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Topic 2: Receipt Accounting | 20% | - Processes and reporting - Overview and work area - Configure accrual options |
| Topic 3: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Topic 4: Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Topic 5: Cost Accounting | 25% | - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual - Processing and daily tasks |
| Topic 6: Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Topic 7: Standard Costs | 15% | - Create and roll up costs - Analyze variances - Manage scenarios and rates |
1. Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
A) Work definitions with the lowest production priority
B) Work definitions with the highest costing priority
C) Work definitions without alternates
D) Work definitions with the highest production priority
E) Work definitions with specific unit numbers
2. What are the predefined areas that give you visibility 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 Period Validation Status
C) Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
D) Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
E) Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
3. Identify two characteristics of Landed Cost charge names.
A) Charge names cannot be used to tie an invoice to a trade operation.
B) Charge names cannot be associated with a PO schedule.
C) You can modify a charge name until it is associated with a trade operation.
D) Duty is a seeded charge name for Landed Cost.
E) You can use multiple currencies within a trade operation for the same charge name on different lines.
4. 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 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
B) 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
C) 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
D) 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
E) 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
5. A chart of accounts (COA) must be specified on the accounting method for which two situations?
A) When using segment rules
B) When account combination rules use constants
C) Every accounting method should have a COA.
D) When using ledgers that have unique accounting requirements
E) When using account combination rules
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: A | Question # 3 Answer: C,E | Question # 4 Answer: E | Question # 5 Answer: A,C |
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