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

• A.It is used only for analyzing gross margins on noninventory sales of services.
• B.It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
• C.It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
• D.You can define the name of your expense pool, but you cannot define more than one.

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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?

• A.Debit Accrued Liability, Credit Accounts Payable
• B.Debit Charge Account (expense or inventory), Credit Receiving Inspection
• C.Debit Expense, Credit Expense Accrual
• D.Debit Expense, Credit Receiving Inspection
• E.Debit Receiving Inspection, Credit Accrued Liability

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

• A.Costing Balances Report
• B.Inventory Valuation Report
• C.Inventory Account Balances Report
  B COGS Account Balances Report
• D.Revenue and COGS Matching Report

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There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

• A.Account Class must be set to Freight.
• B.Line Type must be set to Freight.
• C.Create a condition for a journal line for freight.
• D.Sub ledger accounting is set up to accomplish this out-of-the-box.

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Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

• A.COGS and Revenue Matching Report
• B.Work in Process Inventory Valuation Report
• C.Costing Account Balances Report
• D.Inventory Valuation Report
• E.Cost Accounting Valuation Report
• F.In-transit Valuation Report
• G.Layer Inventory Valuation Report

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