NEW QUESTION 1
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 2
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 3
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 4
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

• A. Perform cost account validations for August in Manage Cost Accounting Periods
• B. Run the Transfer Transactions toCosting process.
• C. Close the August period; you can never have two open periods at the same time.
• D. Change the number of maximum open periods in Manage Cost Organization Relationships

Answer: B

NEW QUESTION 5
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

• A. Receipt Accounting
• B. Cost Accounting
• C. Landed Cost Management
• D. Inventory Management
• E. Product Model

Answer: D

NEW QUESTION 6
Which four predefined costing reports can you use to gatherinformation to review inventory value? (Choose four.)

• A. Costing Account Balances Report
• B. In-transit Valuation Report
• C. COGS and Revenue Matching Report
• D. Work in Process Inventory Valuation Report
• E. Layer Inventory Valuation Report
• F. Cost Accounting Valuation Report
• G. Inventory Valuation Report

Answer: ABCD

NEW QUESTION 7
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

Answer: B

Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725

NEW QUESTION 8
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

• A. Review their audit receipt accrual clearing balances.
• B. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
• C. Review their accrual balances and clear them.
• D. Review their Receipt Accounting processes that show whether any processes failed and why.
• E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

Answer: BC

NEW QUESTION 9
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 10
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)

Answer: BEF

NEW QUESTION 11
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A. Transfer to Sub ledger Accounting.
• B. Transfer transactions from payables.
• C. Transfer transactions from receiving.
• D. Create distributions.
• E. Assign accruals to purchase order transactions.

Answer: D

NEW QUESTION 12
Which two statements are true about Cost Accounting books? (Choose two.)

• A. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
• B. A cost organization has one book that posts to the primary ledger.
• C. Every cost organization must use different book names; they cannot be shared.
• D. Secondary books can post accounting entries into any ledger, including the primary ledgeror any secondary ledger.

Answer: AB

NEW QUESTION 13
A manager has decided to close the period by not allowing any new transactions, except for correctionsand 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

Answer: B

NEW QUESTION 14
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 15
Select two ways to define the standard cost for an item from the Cost Accounting work area.

• A. Manage the Item Cost task.
• B. Import standard costs from receipt layers.
• C. Manage the Standard Costtask.
• D. Create Standard Cost in a spreadsheet.

Answer: AD

NEW QUESTION 16
You have configured the application as follows:
• Expense items are set to accrue at receipt.
• Receipt Close tolerance is set to 75 percent.
• Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

• A. Change expense items to accrue at period end.
• B. Change the Purchasing Line types to 4-way match.
• C. Change inventory items to accrue at period end.
• D. Change the Purchasing Line types to 3-way match.
• E. Change the Receipt Close tolerance so it is 100 percent.

Answer: BD

NEW QUESTION 17
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

• A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
• B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
• C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
• D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
• E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Answer: A

NEW QUESTION 18
Identify three Landed Cost Management tasks.

• A. Capture Charges
• B. View Rolled Up Costs
• C. Manage Cost Scenarios
• D. Perform Allocations
• E. Create Accounting
• F. Review Journal Entries

Answer: ADE

Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem

NEW QUESTION 19
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 20
Identify two characteristics of Landed Cost charge names.

• A. Duty is a seededcharge name for Landed Cost.
• B. You can modify a charge name until it is associated with a trade operation.
• C. Charge names cannot be used to tie an invoice to a trade operation.
• D. You can use multiple currencies within a trade operation for the samecharge name on different lines.
• E. Charge names cannot be associated with a PO schedule.

Answer: BD

NEW QUESTION 21
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

• A. It is only used when you do not need to maintain an arm's length relationship.
• B. It can help you understand true margins and value added by internal business units through the internal supply chain.
• C. It can help you with consolidated financial reporting.
• D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
• E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

Answer: CDE

NEW QUESTION 22
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

Answer: D

NEW QUESTION 23
Which three features are included in Receipt Accounting?

• A. Analyze Standard Purchase Cost Variances
• B. Create ReceiptAccounting Distribution
• C. Review Item Costs
• D. Adjust Receipt Accrual Clearing Balances
• E. Review Journal Entries

Answer: BDE

Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acc

NEW QUESTION 24
Identify two characteristics of a cost profile.

• A. It is used for calculating the estimated cost of manufactured items under different scenarios.
• B. It is used for Receipt Accounting.
• C. It is where you define your Cost Accounting policies.
• D. It is where you define which cost method you want to use for the costcomponent to cost element mapping.

Answer: BC

NEW QUESTION 25
You need to simulateand estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

• A. Orders
• B. Cost Scenario
• C. Charge Name
• D. Routes
• E. Trade Operation

Answer: E

NEW QUESTION 26
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