Free 1Z0-1074-26 – Cost Management Cloud Practice Test Question

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  The accounting method holds the accounting rules by Event Class and Event Type.

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  The journal lines hold the journal entry rule sets.

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  The accounting method groups journal entry rule sets by Event Class and Event Type.

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  Journal entry rules are used to hold accounting rules.

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  Journal entry rule sets hold journal rules and accounting rules.

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  Material Receipts

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  Charge Names

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  PreReference Types

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  Routes

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  Trade Operation Template

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

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  Review errors in the Create Accounting Execution report.

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  Refer to the Accounting Event Diagnostic report.

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  Refer to the Accounting Event Diagnostic log.
  E Review errors in the Create Accounting Execution log.

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  The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

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  The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

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  The cost of resources consumed at the OEM's factory

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  The cost of the contract manufacturing service Item. This is the price that the contract

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  Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

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

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

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

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

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

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

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  Users can define any number of cost elements.

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  It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

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  It is the granularity at which costs are tracked and accounted.

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  It is user-defined.

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  The mapping of cost components into cost elements is user-defined.

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  It uses date effectivity.

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  Change expense items to accrue at period end.

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  Change the Purchasing Line types to 4-way match.

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  Change inventory items to accrue at period end.

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  Change the Purchasing Line types to 3-way match.

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  Change the Receipt Close tolerance so it is 100 percent.

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  Event Class: Expense Accrual Event Type: Expense Accrual

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  Event Class: Period End Accrual Event Type: Period End Accrual

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  Event Class: Expense Accrual Event Type: Period End Accrual

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  Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

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  Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

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

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

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

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

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

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  Receipt Processor

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  Cost Distribution Processor

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  Cost Reports Processor

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  Cost of Goods Sold Processor

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  Cost Accounting Processor

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  Costing Period Processor