Online Access Free 1Z1-1074 Practice Test

You are verifying your distributions for yourtransactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

• A.Run theTransfer Costs from Payables to Cost Management process.
• B.Run the Transactions from Receiving to Costing process.
• C.Run the Create Accounting process.
• D.Run the Transactions from Procurement to Costing process.
• E.Run the Clear Receipt Accrual Balances process.

A manager has decided to close the period by not allowing any new transactions, except for correctionsand adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

• A.Permanently Closed
• B.Close Pending
• C.Open
• D.Never Opened
• E.Closed

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lotsdifferently then others What must they do to accomplish this?

• A.Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
• B.They cannot change their current configuration; data generated by Quick Setup cannot be changed.
• C.Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
• D.They must create their valuation units manually.

Which two outcomes can happen in create accounting when an account combination returned is end dated?

• A.The original account is stored on the journal line.
• B.Suspense accounts cannot be used.
• C.The preprocessor willpre-warn about this error.
• D.An error will always occur.
• E.An alternate account will be used if provided.

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

• A.Subledger Accounting is already set up to process it.
• B.Create a secondary ledger to track gain/loss.
• C.Create a foreign reporting currency to track gain/loss.
• D.Turn on the Subledger Gain or LossOption.