Online Access Free 1z0-1074-20 Practice Test

Identify two purposes of Sub ledger Accounting.

• A.to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
• B.to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
• C.to calculate costs for transactions
• D.to centralize accounting string generation across all modules
• E.to maintain backward compatibility

At what level can you define item cost profiles?

• A.Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
• B.Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
• C.Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
• D.Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A.Transfer transactions from payables.
• B.Assign accruals to purchase order transactions.
• C.Create distributions.
• D.Transfer to Sub ledger Accounting.
• E.Transfer transactions from receiving.

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

• A.Bill of Lading
• B.Receipt number
• C.Expense invoice number
• D.Internal requisition number
• E.Shipment number

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