Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

• A.The subledger journal entry rule set does not need the same accounting event type as the accounting method.
• B.The subledger journal entry rule set does not need the same accounting event class as the accounting method.
• C.Copy and rename predefined subledger journal entry rule sets before modifying them.
• D.Journal entry rule sets do not require accounting rules.
• E.Use a different journal entry rule set for each ledger with a different accounting convention.

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What are three cost method choices that are available in Cost Accounting?

• A.Actual cost (LIFO or Last In First Out)
• B.Periodic average cost
• C.Perpetual average cost
• D.Standard cost
• E.Actual cost (FIFO or First In First Out)
• F.Period end average cost

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What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

• A.Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
• B.Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
• C.Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
• D.Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
• E.Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

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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

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Identify the four types of cost adjustments.

• A.A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
• B.When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.
• C.Authorized users can manually create cost adjustments.
• D.A standard cost update will create an inventory value adjustment.
• E.A change to a requisition after the purchase order has been created will create a cost adjustment.
• F.A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

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