Online Access Free 1Z0-1074-21 Exam Questions

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.Close Pending
• B.Open
• C.Permanently Closed
• D.Never Opened
• E.Closed

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

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

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?

• A.Purchase order information should not be imported into Receipt Accounting.
• B.This process can only be scheduled and run from the Receipt Accounting work area
• C.All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
• D.Purchase order information is automatically sent to Receipt Accounting using a real-time method
• E.You do not have the role to import purchase order information into Receipt Accounting.

Which four steps need to be completed to establish standard costs for a make item?

• A.Add standard costs to a cost scenario.
• B.Complete cost roll-up.
• C.Create a new cost scenario.
• D.Run preprocessor.
• E.Publish costs
• F.Export item costs.

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A.Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• B.Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• C.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to Period End.
• D.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to At Receipt.
• E.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• F.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.