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NEW QUESTION: 1
Which of the following tests can help the auditor to evaluate the adequacy of the company's allowance for doubtful accounts?
A. Tracing a sample of credit memos to the accounts receivable subsidiary ledger.
B. Reviewingauthorizationof credit terms.
C. Preparing an aging analysis.
D. Reconciling the accounts receivable subsidiary ledgers with the control account.
Answer: C
NEW QUESTION: 2
Your company has two separate expenditure types to capture straight time and overtime labor transactions across all projects. When running cost distribution for labor transactions, the straight time labor must be charged to a labor expense account and overtime labor costs to an overhead expense account. How would you set up two different expense accounts?
A. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Account."
B. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Clearing Account."
C. Set up the account at the Labor costing rule definition.
D. Set up the account at theExpendituretype definition.
E. Set up the account at the Expenditure type usage definition.
Answer: A
Explanation:
Implement AutoAccounting to charge appropriate expense accounts
When you implement AutoAccounting, you can charge straight time costs to a labor expense
account and overtime costs to an overhead or overtime expense account.
To charge straight time and overtime to different accounts, you define an AutoAccounting rule
based on expenditure type, expenditure category, service type, compensation rule, or labor cost
multiplier.
Note:
*Labor Cost Account Function
When you run the PRC: Distribute Labor Costs process, Oracle Projects calculates labor cost
amounts based upon employee labor cost rates and compensation rules. After calculating labor
costs, Oracle Projects uses the Labor Cost Account transactions to debit an expense account for
raw labor costs.
*You need to define at least one overtime expenditure type. You use the Expenditure Types
window to define overtime expenditure types classified by the Overtime expenditure type class.
NEW QUESTION: 3
How does SAP Master Data Governance (MDG) support the integration of SAP S/4HANA Finance? There are
2 correct answers to this question.
A. SAP S/4HANA Finance can be a distribution target for SAP MDG master data
B. Central Finance can leverage the centralized master data from SAP MDG and key mapping for aligned postings
C. SAP MDG consolidation supports the cleansing of central financial master data objects
D. Data Replication can be used out of the box to send the postings to the Central Finance system
Answer: B,C
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