Online Access Free 1Z1-1024 Exam Questions

Identify two purposes of Sub ledger Accounting.

• A.to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
• B.to calculate costs for transactions
• C.to maintain backward compatibility
• D.to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
• E.to centralize accounting string generation across all modules

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

• 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 cutoff date 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.

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

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

• A.Shipment number
• B.Internal requisition number
• C.Expense invoice number
• D.Bill of Lading
• E.Receipt number

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