COST ACCOUNTING
COST MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Run the Create Accounting for Costing process with the following parameters:● Accounting Mode = Draft● Report Style = Detail● Transfer to General Ledger = No● Post in General Ledger = No
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Run the Transfer Transactions from Inventory to Costing process with the following parameters:● Accounting Mode = Draft● Report Style = Detail● Transfer to General Ledger = No● Post in General Ledger = No
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Run the Create Cost Accounting Distribution process with the following parameters:● Accounting Mode = Draft● Report Style = Detail● Transfer to General Ledger = No● Post in General Ledger = No
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Run the Create Cost Accounting Distribution process with the following parameters:● Accounting Mode = Final● Report Style = No report● Transfer to General Ledger = No● Post in General Ledger = No
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Run the Create Accounting for Costing process with the following parameters:● Accounting Mode = Final● Report Style = No report● Transfer to General Ledger = No● Post in General Ledger = No
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Detailed explanation-1: -Use the Reversal Method option to determine how the reversal subledger journal entries are generated in Subledger Accounting for a given application and ledger. The options are: Switch DR/CR (default): reverses a debit for a credit and vice-versa.
Detailed explanation-2: -The Transfer Journal Entries to GL program enables you to transfer any eligible journal entries to General Ledger, including those from previous batch runs that have not yet been transferred to General Ledger.
Detailed explanation-3: -A journal line rule can be used in a subledger journal entry rule set that has the same event class. You may also assign conditions to the journal line rule.
Detailed explanation-4: -The accounting sequence is assigned to subledger journal entries at the time that the journal entry is completed.