Which three features are included in Receipt Accounting?

• A.Analyze Standard Purchase Cost Variances
• B.Create Receipt Accounting Distribution
• C.Review Item Costs
• D.Adjust Receipt Accrual Clearing Balances
• E.Review Journal Entries

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Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

• A.Inventory Management
• B.Receipt Accounting
• C.Cost Accounting
• D.Landed Cost Management
• E.Product Model

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Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

• A.You can control which definitions are visible to different cost organizations
• B.You can share definitions across multiple cost organizations.
• C.You can streamline your setup effort.
• D.You don't have to create any definitions for cost books.
• E.You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
• F.You have the option to share setup data across all cost organizations using the common set.

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You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

• A.Change the Receipt Close tolerance so it is 100 percent.
• B.Change the Purchasing Line types to 4-way match.
• C.Change expense items to accrue at period end.
• D.Change inventory items to accrue at period end.
• E.Change the Purchasing Line types to 3-way match.

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

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

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