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Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
Which three features are included in Receipt Accounting?
Analyze Standard Purchase Cost Variances
Create Receipt Accounting Distribution
Review Item Costs
Adjust Receipt Accrual Clearing Balances
Review Journal Entries
Answer: B, D, E
Which two steps need to be completed to estimate landed costs?
Transfer transactions from the Inventory to the Costing process.
Transfer transactions from the Payables to the Costing process.
Update standard costs.
Prepare the Material Purchase Order Data process.
Answer: B, E
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
Landed Cost Management
Select the two valid relationships between subledger components.
The accounting method holds the accounting rules by Event Class and Event Type.
The journal lines hold the journal entry rule sets.
The accounting method groups journal entry rule sets by Event Class and Event Type.
Journal entry rules are used to hold accounting rules.
Journal entry rule sets hold journal rules and accounting rules.
Answer: D, E
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
Business Unit/Landed Cost Charge/Cost Organization