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.

Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one - which is NOT, and picked up by the cost processor?

A. Shipping, receiving, and inventory transactions from manufacturing

B. Period close adjusting journal entries for payroll

C. Resource transactions are interfaced directly from Manufacturing

D. Invoices and revenue are interfaced from Fusion Receivables

E. Payable invoices are interfaced from Fusion Payables

Your customer is managing a large sales team divided in two different geographies in the USA

They have the East Coast sales team and the Central sales team. Both teams are handled by one

manager and perform the same function.

You customer wants to track the expenses of the two teams separately; however, they do not consider

them different as they are handled by one manager only.

How will you fulfill the requirement?

A. Define them as one department and one cost center.

B. Define them as a single department and two separate cost centers.

C. Define them as two separate departments and a single cost center.

D. It is not possible to fulfill the requirement.

What are the four steps for the move request process flow? (Choose four.)

A. Physically move the material

B. Confirm pick slips

C. Create shipment

D. Run the Movement Request Pick Slip Report

E. Create Movement Request

F. Run pick slip allocation

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

Your company has established inventory balances integration with 3PL system. Which option cannot be achieved out of the box using this integration?

A. Compare and automatically report inventory mismatches.

B. Purge inventory balance message periodically.

C. Resolve processing exceptions.

D. Import inventory balance message in bulk.

Your organization performs a restock via a transfer order between inventory organizations, using the following parameters for processing:

Transfer Type: In-transit transfer type Receipt Routing: Standard Transfer Order Required: Yes

During the process, the receiving organization wants to make a change to the transfer order line.

After which fulfillment stage will they no longer be able to change the transfer order?

A. Closed

B. Ship Confirm

C. Awaiting Fulfillment

D. Awaiting Billing

E. Awaiting Receiving

Your customer wants to prevent customer shipments out of a specific subinventory. They are setting up a

material status to control this.

Which transaction do they need to disallow?

A. Ship Confirm

B. Sales Order Pick

C. Sales Order Issue

D. Move Request Putaway

E. Miscellaneous Issue

Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back. What is the process of returning the material?

A. Return the material and create a debit memo for the supplier.

B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

C. You have to transfer the ownership of item and perform the return transaction.

D. You have to cancel the invoice and send the material back without changing the ownership.

Your customer has a complex financial reporting structure. Which three elements should you define first in order to form a basis for this reporting?

A. Managerial, Operational, and Industry

B. Legal, Autonomy, and Operational

C. Tax, Legal, and Industry

D. Legal, Managerial, and Functional