Online Access Free 1z1-987 Exam Questions

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

• A.Consigned items can appear on inventory reports with information about the eventual value of the consigned item
• B.The liability for a consigned item occurs when there is an ownership event.
• C.A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
• D.Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
• E.The quantity is tracked in inventory but not as an asset until there is an ownership event
• F.There is no difference between owned inventory and consigned inventory.

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

• A.Event Class: Expense Accrual Event Type: Period End Accrual
• B.Event Class: Expense Accrual Event Type: Expense Accrual
• C.Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
• D.Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
• E.Event Class: Period End Accrual Event Type: Period End Accrual

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

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

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

• A.This process can only be scheduled and run from the Receipt Accounting work area
• B.Purchase order information is automatically sent to Receipt Accounting using a real-time method
• C.All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
• D.You do not have the role to import purchase order information into Receipt Accounting.
• E.Purchase order information should not be imported into Receipt Accounting.

Identify four reasons to use the set ID when defining Cost Accounting setups.

• A.You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
• B.You can streamline your setup effort.
• C.You can control which definitions are visible to different cost organizations
• D.You have the option to share setup data across all cost organizations using the common set.
• E.You can share definitions across multiple cost organizations.
• F.You don't have to create any definitions for cost books.