Question 1

Which four steps need to be completed to establish standard costs for a make item?

Options :

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.

Answer: B,C,E,F

Question 2

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

Options :

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: A,D

Question 3

Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

Options :

A :

Inventory Account Balances Report

B COGS Account Balances Report

B : Revenue and COGS Matching Report

C : Costing Balances Report

D : Inventory Valuation Report

Answer: A,C

Question 4

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?

Options :

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

Answer: C

Question 5

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?

Options :

A : Query the transaction from Review Cost Accounting Distributions to see the error message.

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