Your client wants to set up some of their items as expense items 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 Asset Value 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 Select Receipt 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.
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. Accrual Reconciliation Report
C. Accrual Clearing Report
D. Uninvoiced Receipt Accrual Report
E. Receipt Accounting Real Time Report
In which two scenarios would you define account rules based on value sets?
A. When a chart of accounts is assigned to the value set definition
B. When a secondary ledger has a different COA
C. In the absence of a chart of accounts on the accounting method
D. When there is a mapping set to convert the accounts
E. If a segment shares the same value set across multiple chart of accounts
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. 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
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
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly. Identify two reasons this happened.
A. The item has no on-hand inventory.
B. The assembly item is marked as Perpetual Average costed.
C. Outstanding purchase orders have not been received.
D. The Work Definition is incomplete.
E. Burdens have not been established for the item
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 without alternates
B. Work definitions with specific unit numbers
C. Work definitions with the highest production priority
D. Work definitions with the lowest production cost
E. Work definitions with the highest costing priority
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.
Identify two characteristics of an expense pool. (Choose two.)
A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
C. You can define the name of your expense pool, but you cannot define more than one.
D. It is used only for analyzing gross margins on noninventory sales of services.
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
