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NEW QUESTION 52

Which three statements about the main areas of ManagerialAccounting are correct? (Choose three.)

  • A. Cost method can be defined granularity down to individual items.
  • B. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.
  • C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.
  • D. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.

Answer: B,C,D

NEW QUESTION 53

Identify the correct sequence of consigned inventory process flow.

  • A. Consignment order sent to supplier - Consignment agreement creation - Consumption advice sent to supplier - Consigned inventory received by buyer
  • B. Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer- Consumption advice sent to supplier
  • C. Consignment agreement creation - Consignment order sent to supplier - Consigned inventory received by buyer - Consumption advice sent to supplier
  • D. Consumption advice sent to supplier - Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer

Answer: C

NEW QUESTION 54

Your client has not been managing Supply Request Exceptions on a regular basis.

What issue does this cause?

  • A. Supply orders are not created for these exceptions, thus causing disruptions in the Supply Chain.
  • B. After the errors reach a set threshold in profile options, no new requests can be created.
  • C. The request will be deniedautomatically if not resolved within two days.
  • D. If exceptions are not resolved within a set threshold days, it alerts the manager and continues to escalate up the Supply Request Exception Chain.
  • E. No issues would be caused; these are just warnings.

Answer: A

NEW QUESTION 55

While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.

What will be the functional currency of the ledger you are defining?

  • A. It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
  • B. The system will automatically pick "USD" as functional currency from the legal entity country.
  • C. The system will pick the first available currency from the List of Values.
  • D. The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
  • E. It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.

Answer: B

NEW QUESTION 56

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