1z0-1074-23 Sample Questions Answers

Purchase Variance Summary

Journal Entries

Item Costs

Cost Processing

Work Order Costs

Inventory Valuation

Capture Charges

View Rolled Up Costs

Manage Cost Scenarios

Perform Allocations

Create Accounting

Review Journal Entries

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

Run the "Activate Accounting Methods" process.

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

This requirement will already be met by the default data generated when using Quick Setup.

Create the cost in Manage Cost Scenarios.

You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

The item has no on-hand inventory.

The assembly item is marked as Perpetual Average costed.

Outstanding purchase orders have not been received.

The Work Definition is incomplete.

Burdens have not been established for the item

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

Business Unit and Cost Organization

Inventory Organization and Legal Entity

Business Unit and Legal Entity

Business Unit and Inventory Organization

Legal Entity and Cost Organization

Inventory Organization and Cost Organization

Create Data Access on the Accounts Payable role for the correct cost organization.

Create Data Access on the Accounts Payable role for the correct inventory organization.

Create Data Access on the Cost Accountant role for the correct inventory organization.

Create Data Access on the Cost Accountant role for the correct cost organization.

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

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

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.

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.

Event Class: Expense Accrual Event Type: Expense Accrual

Event Class: Period End Accrual Event Type: Period End Accrual

Event Class: Expense Accrual Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

When using ledgers that have unique accounting requirements

When using account combination rules

When account combination rules use constants

Every accounting method should have a COA.

When using segment rules

Inventory Account Balances Report

B COGS Account Balances Report

Revenue and COGS Matching Report

Costing Balances Report

Inventory Valuation Report

to maintain backward compatibility

to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level

to calculate costs for transactions

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

to centralize accounting string generation across all modules

Management Cost Accounting Periods

Analyzing and Comparing Costs

Review Work Order Costs

Estimating Standard Costs for Assemblies

Manage Resource Rates

Review Item Costs

Internal requisition number

Shipment number

Expense invoice number

Bill of Lading

Receipt number

Work definitions with the highest costing priority

Work definitions with the lowest production priority

Work definitions with specific unit numbers

Work definitions without alternates

Work definitions with the highest production priority

Orders

Cost Scenario

Charge Name

Routes

Trade Operation

The accounting method must have a mapping set to convert the accounts.

Accounting rules cannot override the accounting method.

The accounting method can be assigned to any ledger.

Any secondary ledger that uses the method cannot have a COA.

The accounting method may only be used by ledgers without a COA.

The original account is stored on the journal line.

Suspense accounts cannot be used.

An alternate account will be used if provided.

An error will always occur.

The preprocessor will pre-warn about this error.

Receipt Accounting

Cost Accounting

Landed Cost Management

Inventory Management

Product Model