1Z0-1073-20 Online Practice Questions and Answers

Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.

B. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.

C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.

D. Cost method can be defined granularity down to individual items.

Which three statements about project specific picking process are correct? (Choose three.)

A. Shipment lines with project task can be created in shipping organization not enabled for projects.

B. Picks can be searched by project and task number.

C. Pick release of movement request allocates common inventory prior to project specific inventory.

D. Picks with same project and task can be grouped to single pick slip.

Your customer is a very large organization spanning across multiple countries. Their legal requirements,

Human Resource Policies, and Functional Currencies for Ledger are different for each country. Your

customer wants to maintain 10 different companies in the system.

Which combination meets this requirement?

A. 1 Enterprise, 10 Divisions, where each division has its own legal entity and ledger

B. 10 Enterprises, 10 Divisions, where each division has its own legal entity and ledger

C. 1 Enterprise, 10 Divisions, where each division has its own ledger with common legal entity across all divisions

D. 10 Enterprises, 1 Division, where each division has 10 legal entities and 1 ledger

Your organization is using min-max planning to replenish stock and the planning parameters are set at

item organization level with a default subinventory:

Item: A, Min Qty: 25, Max Qty: 150 and Current Level: 20 The item above is purchased from a supplier.

Although there is subinventory on hand, the subinventory is below the minimum required level. This should

trigger a Min-Max report entry, but the requisition is not generated. Why?

A. Fixed lot multiplier is not set.

B. Item is not defined in Manage Item Subinventories.

C. Min-max planning can be performed at the Organization level.

D. Rounding the Reorder Quantity is disabled.

E. No value has been set for the "Min-Max Replenishment Reorder Approval" profile.

Which action invokes supply chain orchestration and transfer of data to supply chain orchestration interface tables?

A. creating Purchase Order Receipt

B. running a scheduled process called "Create Transactions"

C. running Min-Max Planning

D. creating a new Inventory Organization for execution of supply chain orchestration

Which three statements about cost organization are correct? (Choose three.)

A. Profit center business unit can have one or more inventory organizations.

B. Profit center business units can have only one cost organization.

C. All inventory organizations of a cost organization need to within the same business unit.

D. A cost organization can have one or more inventory organizations.

Your client has just set up their chart of accounts. They are now designing the organization hierarchy in

the system.

Which three structures should the customer use to do this?

A. Warehouse, Subinventory, and Locators

B. Divisions, Business Units, and Departments

C. Cost type, Default Cost Structure, and Item Organization

D. Cost Centers, Organizations, and Locations

Identify the correct sequence of consigned inventory process flow.

A. Consumption advice sent to supplier - Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer

B. Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer - Consumption advice sent to supplier

C. Consignment order sent to supplier - Consignment agreement creation - Consumption advice sent to supplier - Consigned inventory received by buyer

D. Consignment agreement creation - Consignment order sent to supplier - Consigned inventory received by buyer - Consumption advice sent to supplier

The physical inventory process is carried out for a particular inventory organization with the following parameters:

1.

Negative Quantity Tolerance Percentage is set to 10%

2.

Approval Type = 'Always'

The system says that there are 100 on hand, but you only counted 95. What will happen?

A. The system will ask a user to recount before posting.

B. The setup is invalid; it will give an error message.

C. Because the 95 is within the 10% tolerance, it will post without approval.

D. An approval will be required before posting.

Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero. What is the reason?

A. Items are consigned and ownership is transferred to "owned".

B. Items are consigned items and ownership lies with the supplier.

C. Items are not consigned items but ownership is still with the supplier.

D. Items are not consigned items and ownership is with the organization.