[2022] Pass 1Z0-1074-21 Exam – Real Questions & Answers [Q32-Q53]

NO.32 Which two rules determine whether a condition has been met for accounting rules?

NO.33 Select the two valid relationships between subledger components.

NO.34 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?

NO.35 Identify two characteristics of Landed Cost charge names.

NO.36 Which three features are included in Receipt Accounting?

NO.37 Which two steps need to be completed to estimate landed costs?

NO.38 You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows “0” cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

NO.39 A chart of accounts (COA) must be specified on the accounting method for which two situations?

NO.40 Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

NO.41 You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

NO.42 You can track costs at what granularity level in Cost Accounting for the actual costing method?

NO.43 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?

NO.44 Identify two characteristics of a cost profile.

NO.45 You are explaining the characteristics of a “profit in inventory” cost element to a client. Which three statements describe true characteristics of this cost element?

NO.46 Identify two characteristics of an expense pool. (Choose two.)

NO.47 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?

NO.48 If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

NO.49 Identify two purposes of Sub ledger Accounting.

NO.50 Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

NO.51 An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

NO.52 When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

NO.53 You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?