Question 1

What happens when you enable Delete Additional Items in the Cycle Count definition?

Options :

A : Items not associated with the previous count are deleted from the cycle cou

B :

Items associated with the cycle count but not included in the ABC group name are deleted from the cycle count

C :

Items enabled for "Include in Schedule under Define Classes and Items" are deleted from the cycle count

Answer: A

Question 2

Your customer wants to track and approve inventory transactions between two inventory organizations handling high value goods. What are the two types of inventory transactions recommended?

Options :

A : Movement request with a subinventory transfer transaction type

B : Subinventory transfer

C : Interorganization transfer

D : Requisitions and purchase orders

Answer: A,D

Question 3

Your customer wants to track and approve inventory transactions between two inventory organizations handling high value goods. What are the two types of inventory transactions recommended?

Options :

A : Requisitions and purchase orders

B : Interorganization transfer

C : Subinventory transfer

D : Movement request with a subinventory transfer transaction type

Answer: A,D

Question 4

You created a consigned agreement with a supplier. The supplier shipped the goods, which you received in your receiving are a. After two days, you transferred the goods from receiving into your inventory and used it for your interorganization transfer order.Where is the ownership of the goods?

Options :

A : The ownership is with the buyer due to interorganization consigned inventory movement.

B :

The ownership changes from the supplier to the buyer as soon as the goods are received in the receiving area.

C : The ownership is with the supplier because the supplier has not sent the consumption advice.

D : The ownership is with the supplier because the goods are not yet consumed.

Answer: A

Question 5

What happens when you accrue at receipt in receipt accounting?

Options :

A : Less timely accounting takes place

B : Less accounting and reconciliation take place.

C : Expenses and payables are booked when a supplier invoice is processed.

D : Accrual and expense are booked upon receipt. (*)

Answer: D

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