Online Access Free 1z1-987 Exam Questions

What are three cost method choices that are available in Cost Accounting?

• A.Actual cost (LIFO or Last In First Out)
• B.Period end average cost
• C.Perpetual average cost
• D.Actual cost (FIFO or First In First Out)
• E.Standard cost
• F.Periodic average cost

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A.Transfer to Sub ledger Accounting.
• B.Create distributions.
• C.Assign accruals to purchase order transactions.
• D.Transfer transactions from receiving.
• E.Transfer transactions from payables.

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

• A.Use a different journal entry rule set for each ledger with a different accounting convention.
• B.Copy and rename predefined subledger journal entry rule sets before modifying them.
• C.The subledger journal entry rule set does not need the same accounting event type as the accounting method.
• D.Journal entry rule sets do not require accounting rules.
• E.The subledger journal entry rule set does not need the same accounting event class as the accounting method.

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

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

• A.Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
• B.Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
• C.Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
• D.Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
• E.Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.