Online Access Free 1z1-987 Practice Test

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

• A.Receipt Accounting
• B.Cost Accounting
• C.Product Model
• D.Inventory Management
• E.Landed Cost Management

A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

• A.Close Pending
• B.Never Opened
• C.Open
• D.Closed
• E.Permanently Closed

Identify three characteristics of cost component to cost element mapping.

• A.It is one of the attributes you define as part of your cost profile definitions.
• B.You can only define one cost component to cost element mapping for an installation.
• C.It is user-defined.
• D.It lets you define how cost component level costs will map into cost elements.
• E.You cannot modify, duplicate, or create user-defined cost components.

Which two rules determine whether a condition has been met for accounting rules?

• A.After all conditions are tested, the final resulting value is used.
• B.The conditions are evaluated in the sequence they are defined in the accounting rule.
• C.Priorities determine the order in which accounting rule conditions are examined.
• D.Use parenthesis to control the order of the condition evaluation.
• E.When the condition is met, the rule associated with that priority is used.

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

• A.Create Data Access on the Cost Accountant role for the correct inventory organization.
• B.Create Data Access on the Accounts Payable role for the correct cost organization.
• C.Create Data Access on the Cost Accountant role for the correct cost organization.
• D.Create Data Access on the Accounts Payable role for the correct inventory organization.