1Z0-520 by Oracle Actual Free Exam Q&As

Question 1

Identify three true statements about defining actions in Oracle Alert. (Choose three.)

A. Oracle Alert waits for user response before executing next action in an Action Set. B. An alert can contain only one Action Set. C. Oracle Alert does not wait for user response before executing next action in an Action Set. D. An alert can contain any number of Action Sets. E. When multiple actions are defined they must be included in an Action Set. F. When multiple actions are defined, they do not need to be included in an Action Set.

Discussion 0

Correct Answer: C,D,E Vote an answer

Question 2

Your client does not want to implement account alias issues or receipts. When performing setups, what should you do about the account alias flexfield?

A. Compile the flexfield structure because it is required by Oracle Inventory. B. Define segments, but do not compile. C. Create at least one alias, compile, then disable the alias. D. Define default account aliases that can be used at a later date, but ensure they are disabled now. E. Ignore the account alias flexfield because it would not be required.

Discussion 0

Correct Answer: A Vote an answer

Question 3

Application program interface (API) is a software transaction connector for a specific function within Oracle Purchasing. Select three options that describe the function of APIs. (Choose three.)

A. Custom Pricing B. Load Receipts C. Load Receipt Returns D. Purchasing Order Changes E. Load Purchase Orders F. Load Requisitions G. Cancel Purchase Orders

Discussion 0

Correct Answer: A,D,G Vote an answer

Question 4

Select three statements that are true about the receiving process. (Choose three.)

A. You can record receipt of unordered items, research receipt, and match the delivery to a purchase order. B. You can correct receiving transaction errors. C. You can record returns to suppliers and customers. D. You can define receiving tolerances and rules at the organization, supplier, item and order level, with the highest level overriding the next levels (highest level being the organization). E. You can use express receipt to distribute a given quantity of an item from a single supplier across multiple shipments and distributions.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 5

A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by

A. setting the values for the MO: Operating Unit at the user level profile option B. requesting the system administrator to update the Operating Units in the security profile C. requesting the system administrator to set up MO: Default Operating Unit for the responsibility D. setting the values for the MO: Default Operating Units at the user level profile option E. setting the preferred Operating Units in user preferences

Discussion 0

Correct Answer: E Vote an answer

Question 6

The warehouse has received new stock from an internal distribution warehouse. Which two receiving transactions can be used to put stock into the warehouse's inventory using the Intransit Inventory? (Choose two.)

A. Direct Receipt B. Inter organization Miscellaneous Receipt C. Inter organization Direct Receipt D. Standard Receipt and Delivery E. Inter organization Receipt and Delivery

Discussion 0

Correct Answer: C,E Vote an answer

Question 7

Which profile option controls whether a flexfield window automatically opens when you navigate to a customized descriptive flexfield?

A. Flexfields: Shorthand Entry B. Flexfields: Open List of Values C. Flexfields: Open Description Field D. Flexfields: Open Key Window E. Flexfields: Open Descr Window

Discussion 0

Correct Answer: E Vote an answer

Question 8

XYZ is a metal fabrication company. It wants to classify all metals and plastics into two major groups. There are many subgroups in metals and plastics. All the subgroups are linked to their major group. This group classification is extensively used in all the reports in the organization. Which Oracle functionality can meet the above requirement?

A. Category Set and Categories B. Catalogs C. Group key flexfield enabled in the reports D. Group descriptive flexfield enabled in the reports E. Categories F. Catalog and Categories

Discussion 0

Correct Answer: A Vote an answer

Question 9

A global manufacturing organization (GLO) has multiple sourcing rules and approved supplier lists (ASLs) that are set up correctly.
Three of the inventory organizations are ITA, NYC, and GER. NYC is a manufacturing organization and the other two are distribution warehouses. The three organizations source items from each other. Which two statements are valid? (Choose two.)

A. A sourcing rule is set up for a supplier but no ASL. When an item is entered on a requisition for this supplier, the supplier information would not be defaulted. B. One global location is sufficient for the three organizations. C. ITA has a sourcing rule to source a part from GER. You also assign a bill of distribution to ITA to source the same part from the manufacturing plant NYC. The default source would be GER. D. The price for item A is set in ITA at P1 and in GER at P2. When you raise an internal requisition for item A in destination org ITA and source org GER, the defaulted price is P2. E. Three lines were set up on a sourcing rule and the sourcing rule was assigned to a single Assignment Set.

Discussion 0

Correct Answer: C,E Vote an answer

Question 10

Identify the sequence of steps to determine the Descriptive Flexfield name on a form in Oracle E- Business Suite Release 12 with Diagnostics enabled.
1) Select Help > Diagnostics > Examine.
2) The username of the DFF appears in the Value field.
3) Select the DFF name from the list of values in the "Field" field.
4) Select the "$DESCRIPTIVE_FUEXFIELD$B value for the Block name.

A. 1, 2, 3, 4 B. 1 4, 3, 2 C. 4, 3, 1, 2 D. 1, 3, 4, 2

Discussion 0

Correct Answer: B Vote an answer

Question 11

Consider the following scenario for Inventory Item B.
1) Standard Cost: $10
2) Purchase Order Line Quantity: 100; Purchase Order Line Price: $12
3) Match Approval Level: Three-Way Matching; Receipt Routing: Direct Delivery
4) Received Quantity: 40
5) Invoice Price: $14; Invoiced Quantity: 20
Which option describes the effect on different accounts correctly?

A. Debit Material Account $400 ; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $80; Debit Purchase price Variance Account $40; Credit AP Liability Account $280 B. Debit Material Account $480; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $0; Credit AP Liability Account $280 C. Debit Material Account $400; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $80; Credit AP Liability Account $280 D. Credit Material Account $400; Debit Inventory AP Accrual Account $240; Credit Invoice Price Variance Account $40; Credit Purchase Price Variance Account $80; Debit AP Liability Account $280

Discussion 0

Correct Answer: C Vote an answer

Question 12

Select three statements that are true regarding the clearing account. (Choose three.)

A. An asset clearing account can also be used as a project clearing account. B. You can have a maximum of one asset clearing account per asset category. C. For each payables document you create, you can have a separate cash clearing account. D. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet. E. You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 13

Company X is identifying the major aspects of its inventory organization structure and definitions. Which two actions or statements would be correct? (Choose two.)

A. It does not need a minimum of two inventory organizations in a master/child relationship, but it is a best practice to do so. B. You can control inventory organizations across different operating units from one responsibility but you cannot have ft default to one operating unit. The last used operating unit used before you tog off would default when you log in the next time. C. The financial impact of inventory parameters is limited to Purchase Price Variance and Intransit Account for Interorganization shipments and Transfer Credits for the sending organization. D. An Inventory location can be an Office Site only If it Is also a registered office. E. It can consider manufacturing facilities, warehouses, distribution centers, and branch offices, as well as other entities.

Discussion 0

Correct Answer: A,E Vote an answer

Question 14

Which four are true about the Future Periods field in the Financials Options window? (Choose four.)

A. You can import/enter invoices in future periods, pay and create accounting entries for them. B. You can import/enter invoices in future periods but you cannot pay or create accounting entries for them. C. Payables uses this value to limit the number of future periods you can maintain in the Control Payables Periods window. D. You can change this number to the maximum number of future periods you want to allow in Payables. E. After you change the status of a future period to Open, you can change it back to Future only if you did not create any transactions in that period. F. You cannot import or enter invoices in a future period. G. The first time you enter this field, Payables defaults the number of future periods you use in your Ledger as a default.

Discussion 0

Correct Answer: B,C,D,G Vote an answer

Oracle EBS R12.1 Purchasing Essentials - 1Z0-520 Exam Practice Test