Online Access Free 1Z0-1074 Practice Test

Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

• A.Order Management
• B.Shipping
• C.Financial Orchestration
• D.Purchasing
• E.Inventory

Your client hasaccounting rules that need specific customization. Which two options allow them to accomplish this"1

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

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

• A.Create the cost in Manage Cost Scenarios.
• B.Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
• C.This requirement will already be met by the default data generated when using Quick Setup.
• D.You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

• A.Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
• B.Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
• C.Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
• D.Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
• E.Run the "Activate Accounting Methods" process.

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

• A.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 manufacturer
• B.The cost of itemsthat the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
• C.The cost of the contract manufacturing service Item. This is the price that the contract
• D.Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
• E.The cost of resources consumed at the OEM's factory