Online Access Free 1Z0-1074-26 Exam Questions

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?

• A.Turn on the Subledger Gain or Loss Option.
• B.Create a foreign reporting currency to track gain/loss.
• C.Subledger Accounting is already set up to process it.
• D.Create a secondary ledger to track gain/loss.

Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

• A.Costing-Cost Accounting Real Time
• B.Receipt Accounting-- Receipt Accounting Transactions Real Time
• C.Costing -Receipt Accounting Real Time
• D.Financials-Subledger Accounting-Detail Transactions
• E.Receipt Accounting- Receipt Accounting Distributions Real Time

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

• A.Charge Names
• B.Routes
• C.Material Receipts
• D.Trade Operation Template
• E.PreReference Types

Select the two valid relationships between subledger components.

• A.The accounting method holds the accounting rules by Event Class and Event Type.
• B.Journal entry rule sets hold journal rules and accounting rules.
• C.The accounting method groups journal entry rule sets by Event Class and Event Type.
• D.The journal lines hold the journal entry rule sets.
• E.Journal entry rules are used to hold accounting rules.

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?

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