Online 1Z0-1074-25 Practice Test

Question 1

Which statement is true regarding the cost cutoff date in Cost Accounting?

Options :

A : It only affects whether or not you can process a cost adjustment.

B :

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.

C :

Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

D :

Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Answer: B

Question 2

In which two scenarios would you define account rules based on value sets?

Options :

A : When a chart of accounts is assigned to the value set definition

B : When asecondary ledger has a different COA

C : In the absence of a chart of accounts on the accounting method

D : When there is a mapping set to convert the accounts

E : If a segment shares the same value set across multiple chart of accounts

Answer: E

Question 3

Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

Options :

A : Inventory

B : Order Management

C : Purchasing

D : Financial Orchestration

E : Shipping

Answer: A

Question 4

Your client wants to set up some of their items as expenseitems and then enable them to be accrued at period

end for one of their business units.

Which two configurations will support this request?

Options :

A : Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No"

B :

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

C :

Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End.

D :

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

E :

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

F :

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer: A,B

Question 5

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

Options :

A : Purchase order information is automatically sent to Receipt Accounting using a real-timemethod

B : This process can only be scheduled and run from the Receipt Accounting work area

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

D :

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

E : Purchase order information should not be imported into Receipt Accounting.

Answer: D

EXPERTY DESIGNED 1Z0-1074-25 PRACTICE TEST