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| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting | 25% | - Processing and daily tasks - Setup: organizations, books, elements - Costing methods: standard, perpetual, actual |
| Standard Costs | 15% | - Manage scenarios and rates - Create and roll up costs - Analyze variances |
| Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Receipt Accounting | 20% | - Configure accrual options - Overview and work area - Processes and reporting |
| Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
Identify two characteristics of Landed Cost charge names.
Correct Answer: C,E 🗳️
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
Correct Answer: C,E 🗳️
Identify two characteristics of an expense pool. (Choose two.)
Correct Answer: B,C 🗳️
Which statement is true regarding the cost cutoff date in Cost Accounting?
Correct Answer: B 🗳️
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
Correct Answer: C 🗳️
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