Question 1

Your client hasaccounting rules that need specific customization. Which two options allow them to accomplish this"1

Options :

A : Copy and rename predefined subledger journal entry rule sets before modifying them.

B : Use a different journal entry rule set for each ledger with a different accounting convention.

C : The subledger journal entry rule set does not need the same accounting event class as the accounting method.

D : Journal entry rule sets do not require accounting rules.

E : The subledger journal entry rule set does not needthe same accounting event type as the accounting method.

Answer: A,B

Question 2

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

Options :

A : Transfer to Sub ledger Accounting.

B : Transfer transactions from payables.

C : Transfer transactions from receiving.

D : Create distributions.

E : Assign accruals to purchase order transactions.

Answer: A,D

Question 3

Identify two characteristics of Landed Cost charge names.

Options :

A : Duty is a seededcharge name for Landed Cost.

B : You can modify a charge name until it is associated with a trade operation.

C : Charge names cannot be used to tie an invoice to a trade operation.

D : You can use multiple currencies within a trade operation for the samecharge name on different lines.

E : Charge names cannot be associated with a PO schedule.

Answer: A,B

Question 4

Identify four processors available in the cost processor.

Options :

A : Receipt Processor

B : Cost Distribution Processor

C : Cost Reports Processor

D : Cost of Goods Sold Processor

E : Cost Accounting Processor

F : Costing Period Processor

Answer: A,B,D,F

Question 5

Which three features are included in Receipt Accounting?

Options :

A : Analyze Standard Purchase Cost Variances

B : Create ReceiptAccounting Distribution

C : Review Item Costs

D : Adjust Receipt Accrual Clearing Balances

E : Review Journal Entries

Answer: B,E

Confidently Practice Online with Free 1Z0-1074-26 Exam Cram

Buying Options: