Online Access Free 1Z1-1074 Practice Test

Select the two valid relationships between subledger components.

• A.The accounting method groups journal entry rule sets by Event Class and Event Type.
• B.Journal entry rules are used to hold accounting rules.
• C.Journal entry rule sets hold journal rules and accounting rules.
• D.The journal lines hold the journal entry rule sets.
• E.The accounting method holds the accounting rules by Event Class andEvent Type.

Which two steps need to be completed to estimate landed costs?

• A.Transfer transactions from the Inventory to the Costing process.
• B.Prepare the Material Purchase Order Data process.
• C.Transfer transactions from the Payables to the Costing process.
• D.Allocate charges
• E.Update standard costs.

A chart of accounts (COA) must be specified on the accounting method for which two situations?

• A.Every accounting method should have a COA.
• B.When using ledgers that have unique accounting requirements
• C.When account combination rules use constants
• D.When using account combination rules
• E.When usingsegment rules

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

• A.Close the August period; you can never have two open periods at the same time.
• B.Change the number of maximum open periods in Manage Cost Organization Relationships
• C.Run the Transfer Transactions toCosting process.
• D.Perform cost account validations for August in Manage Cost Accounting Periods

Which two rules determine whether a condition has been met for accounting rules?

• A.When the condition is met, the rule associated with thatpriority is used.
• B.Priorities determine the order in which accounting rule conditions are examined.
• C.The conditions are evaluated in the sequence they are defined in the accounting rule.
• D.After all conditions are tested, the final resulting value isused.
• E.Use parenthesis to control the order of the condition evaluation.