Online Access Free 1Z1-1023 Practice Test

In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a suplier. The Sourcing Rules have been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the supply line status is "In Purchasing" with the supply order generated but the purchase requisition not generating.
What is the reason?

• A.The sourcing rule is incorrect.
• B.Supply order is generated with exceptions.
• C.Preparer is not valid.
• D.No Blanket Purchase Agreement (BPA) exists for this supplier-item combination.
• E.Buy requests originate from Order Management.

Which three statements are true regarding PAR Location Management?

• A.PAR location management replenishment are calculated at the organization level or subinventory level.
• B.If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.
• C.Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.
• D.Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.
• E.A receipt is required on interorganization expense destination transfer orders between the from and to organizations

While creating the consignment agreement, you have set the consumption advice frequency to "monthly" and the billing cycle close date to "31st August, 2020".
What will happen when you run the consumption advice process on 31st August, 2020?

• A.Consumption advice is created and the next closing date is set to 30th October, 2020.
• B.No consumption advice is created.
• C.Consumption advice is created and the next closing date is set to 30th September, 2020.
• D.Consumption advice is created and the next closing date is set to 7th September, 2020.

Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer?

• A.Online Processing
• B.Background Processing
• C.Concurrent Processing
• D.Offline Processing
• E.Sequential Processing
• F.Blind Processing

While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

• A.It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
• B.The system will pick the first available currency from the List of Values.
• C.The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
• D.The system will automatically pick "USD" as functional currency from the legal entity country.
• E.It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.