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1. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
A) Reference Types
B) Trade Operation
C) Charge Name
D) Routes
E) Trade Operation Templates
2. 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: Purchase Order Price Adjustment Event Type: Period End Accrual
B) Event Class: Expense Accrual Event Type: Period End Accrual
C) Event Class: Period End Accrual Event Type: Period End Accrual
D) Event Class: Expense Accrual Event Type: Expense Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
3. Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A) Accrual Supplier Liability Report
B) Uninvoiced Receipt Accrual Report
C) Receipt Accounting Real Time Report
D) Accrual Reconciliation Report
E) Accrual Clearing Report
4. 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) It is based on the actual cost of the work order after it is completed.
D) The standard cost is calculated for every possible combination of options under a model
5. Identify the four types of cost adjustments.
A) A standard cost update will create an inventory value adjustment.
B) 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 different from the estimated amount on the purchaseorder.
C) A change to a requisition after the purchase order has been created will create a cost adjustment.
D) Authorized users can manually create cost adjustments.
E) A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
F) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A,B,E,F |
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