What configuration needs to be done so your customer will be able to open the Cost Accounting period?

Correct Answer for the following Question is given below When attempting to open costing periods, your customer is receiving the following error:Error: You do not have the required permission. You can request that your help desk change your security settings.What configuration needs to be done so your customer will be able to open the Cost … Read more

Which two setups are required to get create accounting to enter a separate accounting line for it?

Correct Answer for the following Question is given below There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it? (Choose two.) Question: Which two setups are required to get create accounting to enter a separate accounting line for it? Options: Subledger … Read more

Identify two characteristics of a cost profile. (Choose two.)

Correct Answer for the following Question is given below Identify two characteristics of a cost profile. (Choose two.) Question: Identify two characteristics of a cost profile. (Choose two.) Options: It is used for Receipt Accounting. It is used for calculating the estimated cost of manufactured items under different scenarios. It is where you define your … Read more

What level can you define item cost profiles?

Correct Answer for the following Question is given below At what level can you define item cost profiles? Question: What level can you define item cost profiles? Options: Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile. Item cost profiles are defined … Read more

Identify two characteristics of an expense pool. (Choose two.)

Correct Answer for the following Question is given below Identify two characteristics of an expense pool. (Choose two.) Question: Identify two characteristics of an expense pool. (Choose two.) Options: It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value. It is a user-defined entity … Read more

What must you do to meet your customer’s requirement and resolve this error?

Correct Answer for the following Question is given below 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 … Read more

How can you make sure that this requirement is met?

Correct Answer for the following Question is given below Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met? Question: How can you make sure that this requirement is met? Options: Complete Quick Setup and then … Read more

How do you get the journal line rule to calculate the gain or loss?

Correct Answer for the following Question is given below An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.How do you get the journal line rule to calculate the gain or loss? Question: How do you get the journal line … Read more

Why can’t you see this process?

Correct Answer for the following Question is given below You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can’t you see this process? Question: Why can’t you see this process? Options: Purchase order information is automatically sent to Receipt Accounting using a real-time method. B. … Read more

How is the standard cost of a manufactured configured item calculated?

Correct Answer for the following Question is given below How is the standard cost of a manufactured configured item calculated? Question: How is the standard cost of a manufactured configured item calculated? Options: It is based on the material and resource requirements of a released work order. The standard cost is calculated for every possible … Read more