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1. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
A) You can share definitions across multiple cost organizations.
B) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
C) You can streamline your setup effort.
D) You have the option to share setup data across all cost organizations using the common set.
E) You don't have to create any definitions for cost books.
F) You can control which definitions are visible to different cost organizations
2. 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) Charge Name
B) Reference Types
C) Trade Operation Templates
D) Routes
E) Trade Operation
3. 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) Create distributions.
B) Transfer transactions from payables.
C) Assign accruals to purchase order transactions.
D) Transfer to Sub ledger Accounting.
E) Transfer transactions from receiving.
4. Identify four characteristics of a cost element.
A) It uses date effectivity.
B) It is the granularity at which costs are tracked and accounted.
C) It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
D) Users can define any number of cost elements.
E) It is user-defined.
F) The mapping of cost components into cost elements is user-defined.
5. In which two scenarios would you define account rules based on value sets?
A) When a secondary ledger has a different COA
B) In the absence of a chart of accounts on the accounting method
C) When there is a mapping set to convert the accounts
D) When a chart of accounts is assigned to the value set definition
E) If a segment shares the same value set across multiple chart of accounts
Solutions:
| Question # 1 Answer: A,B,C,D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A,C,E,F | Question # 5 Answer: C,E |
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