1Z0-520 Online Practice Questions and Answers

Which two statements are true about using foreign currency? (Choose two)

A. Requisition total is expressed in foreign currency.

B. Currency can be changed even after a requisition is approved.

C. Currency cannot be changed once a purchase order is approved.

D. A foreign currency reference can be specified for each purchase order line.

E. Requisition can automatically source blanket agreements or catalog quotations with foreign currency information.

Identify the correct sequence of steps in the Procure to Pay period dose process.

A. Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Post journal entries in GL > Reconcile AP activity for the period. > Close the PO period.

B. Prepare for period close. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Close the PO period. > Post journal entries in GL

C. Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in PO. > Post journal entries in GL > Reconcile PO activity for the period. > Close the AP period.

D. Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Post journal entries in GL > Close the PO period.

E. Prepare for period dose. > Run Validation/ Review and resolve holds. > Transfer and review. > Close the period in AP. > Create accounting. > Post journal entries in GL. > Reconcile AP activity for the period. > Close the PO period.

Which three are valid setup options for purchasing document types? (Choose three.)

A. Archive On

B. Forward Method

C. Default Hierarchy

D. Security Access Level

E. Can Change Hierarchy

F. Owner Cannot Approve

Identify the two benefits of using Multi-Org Access Control. (Choose two.)

A. View asset information across multiple asset books

B. Restrict access to users based on their Organization assignment!

C. Submit and view data across different ledgers using a single responsibility.

D. Enter Payables Invoices for different Operating Units using a single responsibility.

E. View Consolidated requisitions across Operating Units using a single responsibility

You are involved in a project to upgrade to Oracle E-Business Suite, Release 12. You need more

information about the upgrade processes and paths.

Where would you find the upgrade guide for Oracle E-Business Suite?

A. AppsNet

B. Bug Database

C. Technical Forums

D. MetaLink Knowledge Base

E. Oracle Technology Network

F. Customer Knowledge Exchange

You applied a subassembly template for an item at the master level. Four main attributes of the subassembly template are:

-primary unit of measure (UOM): EA

-minimum order quanity: 5

-maximum order quantity: 10

-fixed lead time: 2

After applying the template, you find that the attributes are not correct. You correct the template with these attributes:

-primary UOM: LB

-minimum order quantity: 7

-maximum order quantity: 12

-fixed lead time: 4

You reapply the template.

Which attributes are updated in the item?

A. primary UOM: LB, minimum order quantity: 7, maximum order quantity: 12, fixed lead time: 4

B. primary UOM: LB, minimum order quantity: 5, maximum order quantity: 10, fixed lead time: 2

C. primary UOM: EA, minimum order quantity: 5, maximum order quantity: 10, fixed lead time: 4

D. primary UOM: EA, minimum order quantity: 7, maximum order quantity: 12, fixed lead time: 4

E. primary UOM: EA, minimum order quantity: 5, maximum order quantity: 12, fixed lead time: 2

A supplier is not required on a _____.

A. Invoice

B. Receipt

C. Quotation

D. Requisition

E. Purchase Order

F. Request For Quotation

Which three statements are true about the Move Order process? (Choose three.)

A. Requisition and pick release orders are preapproved.

B. Replenishment and pick wave move orders are preapproved.

C. Requisition and pick release orders are preapproved and require inspection.

D. If no planner is specified for the item, the requisition line is automatically approved.

E. If no approvals are required in your organization, set the inventory organization parameters Timeout Period to 0 and the Timeout Action to Approve Automatically.

Which four must be set up to implement a position hierarchy for document approvals? (Choose four.)

A. Buyers

B. Employee Jobs

C. Approval Groups

D. Security Hierarchy

E. Employee Positions

F. Employee Locations

G. Approval Assignments

You need to set up a Material Review Board (MRB) subinventory for storing defective goods that are awaiting disposition. The management team does not want the material in the MRB subinventory to be considered by the Material Requirements Plan (MRP). Which is the key flag in the setup that instructs MRP not to account for the material in the MRB subinventory?

A. Nettable flag deselected

B. Planning flag deselected

C. Quantity Tracked flag selected

D. Allow Reservation flag deselected

E. Asset Subinventory flag deselected

You would set up the profile option INV: Item Master Flexfield _____.

A. for items from legacy system referenced in this field

B. in the initial setup on inventory for defaulting purpose

C. to capture the item descriptive information on this field

D. to indicate which flexfield is used to define items in MTL_SYSTEM_ITEMS

E. for first time setup of the item master flexfield to denote the key flexfield compiled

Which are the four benefits of employing sound naming conventions while defining suppliers? (Choose four.)

A. accurate supplier reporting

B. prevention of incorrect returns

C. improved system performance

D. prevention of duplicate receipts

E. prevention of duplicate invoices

F. prevention of duplicate payments

G. prevention of incorrect receipt inspections

XYZ is a chemical manufacturing company. On a daily basis, it produces 100 kilos of Item A from a single production batch. 100 kilos of item A manufactured from a single batch has a single expiration date. However, the purity of item A varies as follows:

Category 1: 95% Category 2: 85% Category 3: 50% From an implementation perspective, which setup or process would meet this requirement?

A. Enable lot control. Map three categories as coproducts.

B. Enable lot control for item A. Create three lots to represent the categories.

C. Enable lot control for item A. Create three child lots and link them with the parent lot.

D. Enable lot and grade control for item A. Have three categories mapped with grades.

E. Enable lot and serial control for item A. Create one lot and three categories that are mapped with serial numbers.

Which key area in the Procure to Pay process involves using Oracle iExpenses to enter expense reports via a Web browser?

A. Payment

B. Invoicing

C. Sourcing

D. Reporting

E. Receiving

The functional currency of Company X is USD. Company X placed a purchase order on supplier Y on 01SEP-2007, for one unit of item A at a unit price of Euro 80. According to the exchange rate on 01-SEP2007, Euro 80 = USD 100.

Goods are received on 05-OCT-2007. Due to exchange rate changes, at this time Euro 80 is now

equivalent to USD 105.

The standard cost of the item is USD 75.

Freight charge = USD 10.

Handing charge = USD 5.

The Purchase Price variance for this transaction is_________.

A. USD 25

B. USD 30

C. USD 35

D. USD 40

E. USD 45

F. USD 50