Question 1

You are configuring Landed Cost Management for client proof of conceptand only want to set up required tasks. Which task must be completed?

Options :

A : Charge Name

B : Reference Types

C : Trade Operation Templates

D : Routes

E : Trade Operation

Answer: E

Question 2

Identify the four types of cost adjustments.

Options :

A : A change to a requisitionafter the purchase order has been created will create a cost adjustment.

B :

A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : A standard cost update will create an inventory value adjustment.

D : Authorized users can manually create cost adjustments.

E :

When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F :

A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: C,D,E,F

Question 3

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

Options :

A : It is only used when you do not need to maintain an arm-s length relationship.

B :

It can help you understand true margins and value added by internal business units through the internal supply chain.

C : It can help you with consolidated financial reporting.

D :

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

E :

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

Answer: B,C,D

Question 4

In which two scenarios would you define account rules based on value sets?

Options :

A : When a chart of accounts is assigned to the value set definition

B : When asecondary ledger has a different COA

C : In the absence of a chart of accounts on the accounting method

D : When there is a mapping set to convert the accounts

E : If a segment shares the same value set across multiple chart of accounts

Answer: E

Question 5

Your customer has a defined financial route that is not the same as the physical route in that it involves

intermediate nodes (internal business units) that are not part of the physical supply chain.

Which pair of tasks are required to define and associate routes in Landed Cost Management?

Options :

A :

Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

B : Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

C :

Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

D : Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

E : Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Answer: B,D

Higher Test Marks with Free Online 1Z0-1074-24 Exam Practice

Buying Options: