Question 1

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new

year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One

work definition has an October l, 2015effective date. A second work definition has a December 1, 2015

effective date. A third work definition has a January 2, 2016 effective date.

How will the application select the work definition?

Options :

A : It will use the work definition with the January 2, 2016effective date.

B :

Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

C : It must always use the work definition with the October 1, 2015 effective date.

D :

You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: B

Question 2

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

Question 3

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 lotsdifferently then others

What must they do to accomplish this?

Options :

A :

Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : They must create their valuation units manually.

D :

Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: C

Question 4

A chart of accounts (COA) must be specified on the accounting method for which two situations?

Options :

A : When using ledgers that have unique accounting requirements

B : When using account combination rules

C : When account combination rules use constants

D : Every accounting method should have a COA.

E : When usingsegment rules

Answer: B,E

Question 5

You need to simulateand estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

Options :

A : Orders

B : Cost Scenario

C : Charge Name

D : Routes

E : Trade Operation

Answer: B

Higher Test Marks with Free Online 1D0-1074-25-D Exam Practice

Buying Options: