1Z0-520 Online Practice Questions and Answers

Your client has the following requirements for electronic delivery of purchasing documents to indirect spend vendors:

1.

No third-party software should be needed; the built-in Oracle functionality should be used.

2.

No special supplier set up should be required; the supplier should need minimal resources to participate.

3.

No requirement for audit trail or confirmation. The best method within standard functionality is _____.

A. EDI

B. XML

C. Email

D. Facsimile

E. Direct interface

Identify three modules that can be secured using the Operating Unit in Oracle E-Business Suite Release

12. (Choose three)

A. Oracle Assets

B. Oracle Payables

C. Oracle Receivable

D. Oracle General Ledger

E. Oracle Cash Management

Which two reports detail pending inventory adjustments for a count? (Choose two.)

A. Cycle Count Listing

B. Physical Inventory Tag Listing

C. Physical Inventory Counts Report

D. Physical Inventory Adjustments Report

E. Cycle Counts Pending Approval Report

F. Cycle Count Entries and Adjustments Report

Identify two statements that are true regarding the defining of your purchasing document approval and routing process. (Choose two.)

A. Pre-Approved documents do not need to be approved by the next approver.

B. Oracle Approvals Management is used to configure Purchase Order approval workflows.

C. When a requisition is approved, the corresponding purchase order does not need to be approved.

D. It is possible to have different approval routing processes for Purchase Requisitions and Internal Requisitions.

E. A planned purchase order and its corresponding planned (scheduled) release can have separate approval limits.

The on-hand quantity balance for item A is 100 and item B is 200. A shipment of 50 for item A and 50 for

item B arrived today. The receiving clerk created a receipt for the shipment. After the receipt, the on-hand

quantity of items A and B are 150 and 200 respectively.

Which one of the possible receipt routing options for items A and B is correct?

A. Item A = Direct Delivery; Item B = Standard Receipt

B. Item A = Standard Receipt; Item B = Direct Delivery

C. Item A = Inspection Required; Item B = Direct Delivery

D. Item A = Inspection Required; Item B = Standard Receipt

E. Item A = Standard Receipt; Item B = Inspection Required

Your customer is planning to close the accounting period in Inventory. Before closing the period, the customer would like to view the total number of pending transactions in one form. Which form would provide this information?

A. Pending Status

B. View Material Transactions

C. Find Pending Transactions

D. Transaction Open Interface

E. Inventory Accounting Period

Your client uses Average Costing to value the items in the inventory. A Miscellaneous Receipt transaction has been submitted for a quantity of 1 of an item. What are the two possible values that could have been added to the Material Account by this transaction? (Choose two.)

A. 1 x (User-entered Unit Cost)

B. 1 x (Current Average Unit Cost)

C. The transaction will not be costed until the next Cost Manager program is executed.

D. 1 x (Average Cost Variance), calculated when the next Cost Manager program is executed

Which two activities should be completed before Purchasing is closed for a period? (Choose two.)

A. Resolve all unordered receipts.

B. Open the new purchasing period.

C. Approve all purchasing requisitions for the current period.

D. Complete all inventory and expense receipts for the current period.

E. Complete and approve all the purchase orders for the current period.

F. Pay all invoices for the current period including those that have not been received.

Which three are correct security/access levels for purchasing documents? (Choose three.)

A. All

B. Buyer

C. Public

D. Owner

E. Hierarchy

F. Purchasing

Which sequence best represents the Procure to Pay life cycle flow?

A. Run compliance testing. > Enter suppliers. > Process returns.

B. Create purchase order. > Record manual payment. > File invoices.

C. Negotiate contracts. > Fulfill purchase order. > Generate supplier reports.

D. Enter invoice. > Match invoice to purchase order. > Return goods to suppliers.

E. Request for quote. > Analyze commodity. > Create payment outside payables.