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1. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
A) Expense invoice number
B) Bill of Lading
C) Shipment number
D) Internal requisition number
E) Receipt number
2. Which three features are included in Receipt Accounting?
A) Analyze Standard Purchase Cost Variances
B) Review Journal Entries
C) Adjust Receipt Accrual Clearing Balances
D) Review Item Costs
E) Create Receipt Accounting Distribution
3. If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
A) The accounting method can be assigned to any ledger.
B) Any secondary ledger that uses the method cannot have a COA.
C) The accounting method may only be used by ledgers without a COA.
D) The accounting method must have a mapping set to convert the accounts.
E) Accounting rules cannot override the accounting method.
4. You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?
A) Charge Name
B) Trade Operation
C) Orders
D) Cost Scenario
E) Routes
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? (Choose Three)
A) Refer to the Accounting Event Diagnostic report.
B) Query the transaction from Review Cost Accounting Distributions to see the error message.
C) Review errors in the Create Accounting Execution report.
D) Review errors in the Create Accounting Execution log.
E) Refer to the Accounting Event Diagnostic Log.
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: B,C,E | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A,B,C |
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