Online Access Free 1z1-987 Practice Test

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

• A.Adjustments
• B.Overhead
• C.Retro-reprice
• D.Cost of Goods Sold
• E.In-transit

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

• A.Perform cost account validations for August in Manage Cost Accounting Periods
• B.Change the number of maximum open periods in Manage Cost Organization Relationships
• C.Close the August period; you can never have two open periods at the same time.
• D.Run the Transfer Transactions to Costing process.

How is the standard cost of a manufactured configured item calculated?

• A.The standard cost is calculated for every possible combination of options under a model
• B.It is based on the material and resource requirements of a released work order.
• C.It is based on the actual cost of the work order after it is completed.
• D.The standard cost of a model item is calculated.

Which three tasks can be completed in the Receipt Accounting work area?

• A.Create Accounting
• B.Review and Approve Item Cost Profiles
• C.Manage Accrual Clearing Rules
• D.Create Receipt Accounting Distributions
• E.Review Cost Accounting Distributions
• F.Review Item Costs

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