100% Pass Guaranteed Free 1Z0-1074-26 Exam Dumps Aug 31, 2026 [Q23-Q42]

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100% Pass Guaranteed Free 1Z0-1074-26 Exam Dumps Aug 31, 2026

Verified & Latest 1Z0-1074-26 Dump Q&As with Correct Answers

NEW QUESTION 23
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

Work definitions with the highest costing priority

Work definitions with the lowest production priority

Work definitions with specific unit numbers

Work definitions without alternates

Work definitions with the highest production priority

NEW QUESTION 24
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

NEW QUESTION 25
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

You can share definitions across multiple cost organizations.

You can control which definitions are visible to different cost organizations

You can streamline your setup effort.

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

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

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

NEW QUESTION 26
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

Create Data Access on the Accounts Payable role for the correct inventory organization.

Create Data Access on the Cost Accountant role for the correct inventory organization.

Create Data Access on the Accounts Payable role for the correct cost organization.

Create Data Access on the Cost Accountant role for the correct cost organization.

NEW QUESTION 27
Which two rules determine whether a condition has been met for accounting rules?

When the condition is met, the rule associated with that priority is used.

Priorities determine the order in which accounting rule conditions are examined.

The conditions are evaluated in the sequence they are defined in the accounting rule.

After all conditions are tested, the final resulting value is used.

Use parenthesis to control the order of the condition evaluation.

NEW QUESTION 28
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

Inventory

Order Management

Purchasing

Financial Orchestration

Shipping

NEW QUESTION 29
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Run the “Activate Subledger Journal Entry Rule Set Assignments” process.

Run the “Activate Accounting Methods” process.

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

NEW QUESTION 30
Which three cost planning tasks can be performed in the Cost Accounting work area?

Management Cost Accounting Periods

Analyzing and Comparing Costs

Review Work Order Costs

Estimating Standard Costs for Assemblies

Manage Resource Rates

Review Item Costs

NEW QUESTION 31
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

Debit Charge Account (expense or inventory), Credit Receiving Inspection

Debit Accrued Liability, Credit Accounts Payable

Debit Receiving Inspection, Credit Accrued Liability

Debit Expense, Credit Receiving Inspection

Debit Expense, Credit Expense Accrual

NEW QUESTION 32
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, 2015 effective 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?

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

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.

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

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.

NEW QUESTION 33
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

Refer to the Accounting Event Diagnostic report.

Review errors in the Create Accounting Execution log.

Review errors in the Create Accounting Execution report.

Query the transaction from Review Cost Accounting Distributions to see the error message.

Refer to the Accounting Event Diagnostic Log.

NEW QUESTION 34
What are three cost method choices that are available in Cost Accounting?

Period end average cost

Actual cost (LIFO or Last In First Out)

Periodic average cost

Standard cost

Perpetual average cost

Actual cost (FIFO or First In First Out)

NEW QUESTION 35
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?

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

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

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

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

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

NEW QUESTION 36
Identify two ways that standard cost is calculated.

Users must manually enter the cost of each configured item; the calculation is not automated.

The standard cost is the sum of the cost of the selected option items.

The cost of a configured item is calculated based on the work definition of the model item.

The standard cost of the configured item is based on the purchase order price quoted by the

The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

NEW QUESTION 37
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

Change expense items to accrue at period end.

Change the Purchasing Line types to 4-way match.

Change inventory items to accrue at period end.

Change the Purchasing Line types to 3-way match.

Change the Receipt Close tolerance so it is 100 percent.

NEW QUESTION 38
Identify four processors available in the cost processor.

Receipt Processor

Cost Distribution Processor

Cost Reports Processor

Cost of Goods Sold Processor

Cost Accounting Processor

Costing Period Processor

NEW QUESTION 39
Which two outcomes can happen in create accounting when an account combination returned is end dated?

The original account is stored on the journal line.

Suspense accounts cannot be used.

An alternate account will be used if provided.

An error will always occur.

The preprocessor will pre-warn about this error.

NEW QUESTION 40
Which three features are included in Receipt Accounting?

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

NEW QUESTION 41
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?

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

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.

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.

It can help you with consolidated financial reporting.

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

NEW QUESTION 42
At what level can you define item cost profiles?

Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

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