If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?
A. Query the transaction from Review Cost Accounting Distributions to see the error message.
B. Review errors in the Create Accounting Execution report.
C. Refer to the Accounting Event Diagnostic report.
D. Refer to the Accounting Event Diagnostic log.
E. Review errors in the Create Accounting Execution log.
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security
settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
A. Create Data Access on the Accounts Payable role for the correct cost organization.
B. Create Data Access on the Accounts Payable role for the correct inventory organization.
C. Create Data Access on the Cost Accountant role for the correct inventory organization.
D. Create Data Access on the Cost Accountant role for the correct cost organization.
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
Identify two ways that standard cost is calculated.
A. Users must manually enter the cost of each configured item; the calculation is not automated.
B. The standard cost is the sum of the cost of the selected option items.
C. The cost of a configured item is calculated based on the work definition of the model item.
D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently. Which cost period status will allow the system to perform the transaction?
A. Open
B. Closed
C. Permanently Closed
D. Never Opened
E. Close Pending
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
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
What are three cost method choices that are available in Cost Accounting?
A. Period end average cost
B. Actual cost (LIFO or Last In First Out)
C. Periodic average cost
D. Standard cost
E. Perpetual average cost
F. Actual cost (FIFO or First In First Out)
Which three tasks can be completed in the Receipt Accounting work area?
A. Review and Approve Item Cost Profiles
B. Review Item Costs
C. Create Receipt Accounting Distributions
D. Review Cost Accounting Distributions
E. Manage Accrual Clearing Rules
F. Create Accounting
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.
