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NEW QUESTION 45
Achart of accounts (COA) must be specified on the accounting method for which two situations?

A. Everyaccounting method should have a COA.B. When using ledgers that have unique accounting requirementsC. When using segment rulesD. When using account combination rulesE. When account combination rules use constants

Answer: A,C

 

NEW QUESTION 46
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.B. Journal entry rule sets do not require accounting rules.C. Use a different journal entry ruleset for each ledger with a different accounting convention.D. The subledger journalentry rule set does not need the same accounting event type as the accounting method.E. Copy and rename predefined subledger journal entry rule sets before modifying them.

Answer: A

 

NEW QUESTION 47
Identify four characteristics of a cost element.

A. It uses date effectivity.B. It is user-defined.C. The mapping of cost components into cost elements is user-defined.D. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.E. Users can define any number of cost elements.F. It is the granularity at which costs are tracked and accounted.

Answer: A,B,C,D

 

NEW QUESTION 48
Which two types of costs are included in the cost of contract manufactured items?

A. The cost of the contract manufacturing service Item. This is the price that the contractB. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.C. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturerD. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output ItemsE. The cost of resources consumed at the OEM's factory

Answer: C,D

 

NEW QUESTION 49
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