Online Access Free 1z0-987 Practice Test

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?

• A.Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
• B.Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
• C.Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
• D.Run the "Activate Accounting Methods" process.
• E.Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

• A.Line Type must be set to Freight.
• B.Sub ledger accounting is set up to accomplish this out-of-the-box.
• C.Create a condition for a journal line for freight.
• D.Account Class must be set to Freight.

Identify four characteristics of a cost element.

• A.It is the granularity at which costs are tracked and accounted.
• B.It is user-defined.
• C.Users can define any number of cost elements.
• D.It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
• E.It uses date effectivity.
• F.The mapping of cost components into cost elements is user-defined.

Select the two valid relationships between subledger components.

• A.Journal entry rules are used to hold accounting rules.
• B.The journal lines hold the journal entry rule sets.
• C.The accounting method holds the accounting rules by Event Class and Event Type.
• D.The accounting method groups journal entry rule sets by Event Class and Event Type.
• E.Journal entry rule sets hold journal rules and accounting rules.

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

• A.Cost Scenario
• B.Routes
• C.Orders
• D.Trade Operation
• E.Charge Name