1Z0-1074-20 Online Practice Questions and Answers

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Material Receipts

B. Charge Names

C. PreReference Types

D. Routes

E. Trade Operation Template

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain. Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Identify three characteristics of cost component to cost element mapping.

A. You cannot modify, duplicate, or create user-defined cost components.

B. You can only define one cost component to cost element mapping for an installation.

C. It is one of the attributes you define as part of your cost profile definitions.

D. It is user-defined.

E. It lets you define how cost component level costs will map into cost elements.

Identify two ways that standard cost is calculated.

A. Users must manually enter the cost of each configured item; the calculation is not automated.

B. The standard cost is the sum of the cost of the selected option items.

C. The cost of a configured item is calculated based on the work definition of the model item.

D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

Identify two characteristics of Landed Cost charge names.

A. Duty is a seeded charge name for Landed Cost.

B. You can modify a charge name until it is associated with a trade operation.

C. Charge names cannot be used to tie an invoice to a trade operation.

D. You can use multiple currencies within a trade operation for the same charge name on different lines.

E. Charge names cannot be associated with a PO schedule.

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. Run the "Activate Accounting Methods" process.

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 Journal Entry Rule Set task

E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

Identify two purposes of Sub ledger Accounting.

A. to maintain backward compatibility

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 create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger

E. to centralize accounting string generation across all modules

A manager has decided to close the period by not allowing any new transactions, except for corrections and 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. Open

B. Closed

C. Permanently Closed

D. Never Opened

E. Close Pending

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are

A. Why can't you see this process?

B. Purchase order information is automatically sent to Receipt Accounting using a real-time method

C. This process can only be scheduled and run from the Receipt Accounting work area

D. You do not have the role to import purchase order information into Receipt Accounting.

E. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

F. Purchase order information should not be imported into Receipt Accounting.

Which three tasks can be completed in the Receipt Accounting work area?

A. Review and Approve Item Cost Profiles

B. Review Item Costs

C. Create Receipt Accounting Distributions

D. Review Cost Accounting Distributions

E. Manage Accrual Clearing Rules

F. Create Accounting