Online Access Free 1z1-987 Practice Test

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

• A.Transfer transactions from Receiving to Costing.
• B.Transfer costs to Cost Management.
• C.Execute the Preprocessor.
• D.Create Accounting.
• E.Activate its journal entry rule set assignments.

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

• A.Inventory Organization and Cost Organization
• B.Inventory Organization and Legal Entity
• C.Business Unit and Legal Entity
• D.Business Unit and Inventory Organization Legal Entity and Cost Organization
• E.Business Unit and Cost Organization

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

• A.Any secondary ledger that uses the method cannot have a COA.
• B.The accounting method may only be used by ledgers without a COA.
• C.The accounting method can be assigned to any ledger.
• D.Accounting rules cannot override the accounting method.
• E.The accounting method must have a mapping set to convert the accounts.

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

Identify two ways that standard cost is calculated.

• A.The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
• B.Users must manually enter the cost of each configured item; the calculation is not automated.
• C.The standard cost is the sum of the cost of the selected option items.
• D.The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
• E.The cost of a configured item is calculated based on the work definition of the model item.