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1z0-1074-23 Dumps With Exact Questions and Answers

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1z0-1074-23 Questions and Answers

Question # 1

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.

Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

B.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

C.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

D.

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

E.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

F.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Question # 2

Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A.

You can share definitions across multiple cost organizations.

B.

You can control which definitions are visible to different cost organizations

C.

You can streamline your setup effort.

D.

You have the option to share setup data across all cost organizations using the common set.

E.

You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

F.

You don't have to create any definitions for cost books.

Question # 3

Identify two purposes of Sub ledger Accounting.

A.

to maintain backward compatibility

B.

to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level

C.

to calculate costs for transactions

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

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