Online Access Free 1z0-1074-23 Practice Test

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 lots differently then others What must they do to accomplish this?

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

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

• A.You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
• B.It must always use the work definition with the October 1, 2015 effective date.
• C.It will use the work definition with the January 2, 2016 effective date.
• D.Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)

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

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

• A.Review errors in the Create Accounting Execution log.
• B.Review errors in the Create Accounting Execution report.
• C.Refer to the Accounting Event Diagnostic report.
• D.Query the transaction from Review Cost Accounting Distributions to see the error message.
• E.Refer to the Accounting Event Diagnostic Log.

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

• A.Cost Scenario
• B.Trade Operation
• C.Orders
• D.Routes
• E.Charge Name