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QUESTION 21
You have been asked by the HR Manager to define Oracle Alert to show all employees terminated in the
past six months.
Identify three pieces of information that is required to define this Alert. (Choose three.)
A. actions that you want Alert to perform
B. frequency with which you want to run this Alert
C. a SQL statement that retrieves terminated employees
D. name of the concurrent program to be run after Alert runs
E. database table name, which stores employee Information to specify In the Event Details section
Correct Answer: ABC
QUESTION 22
When a quotation is due to expire within the number of days you specified, then you receive the following message in the Notifications Summary window: Quotations active or approaching expiration: [number]. Where is this [number] set up in the system?
A. in the Quote Header – Warning Delay field
B. in the Systems Profile Options – PO: Quote Warning Delay
C. in Purchasing Options on the ‘Default’ Tab – Quote Warning Delay field
D. Lookup Code, which is an (LOV) list of Values, in the Quote Header – Warning Delay field
Correct Answer: C
QUESTION 23
Select three true statements regarding the Workflow Document Creation prerequisite (PO Create Documents workflow). (Choose three.)
A. Catalog quote must not be expired, but may be inactive.
B. Supplier and supplier site are required on the requisition related to a contract purchase order.
C. If a system Item is not associated with the requisition line, a supplier item number is required.
D. Sourcing rules are required If the requisition originates in Oracle Purchasing or {Procurement.
E. No source document is required for the PO Create Documents workflow to create a release or purchase order.
F. The only time an approved supplier list is required is if your source document is a blanket purchase agreement and you are using a system item.
Correct Answer: BCF
QUESTION 24
Consider the following setups:
1) Purchasing System Option enforce Full Lot Quantity * Mandatory
2) Rounding Factor at the item level = 75%
3) Unit of Issue at the item level = Dozen
Select two statements that are true. (Choose two.)
A. If the user enters 6 each on an internal requisition, the quantity will be rounded to 0,
B. If the user enters 6 each on a purchase requisition, the quantity will be rounded to 0,
C. If the user enters 11 each on an internal requisition, the quantity will be rounded to 12 each,
D. If the user enters 11 each on a purchase requisition, the quantity will be rounded to 12 each,
E. An advisory message suggesting rounding and a suggested rounding quantity are displayed, but you can override this.
Correct Answer: AC
QUESTION 25
Requisition Import groups all requisitions with the same group code under the same requisition header. If
no group code is specified, Requisition Import groups requisitions according to five types of groups that
can be optionally passed to the Requisition Import process. Identify them.
(Choose five.)
A. Group by Item.
B. Group by price.
C. Group by buyer.
D. Group by UOM.
E. Group by location.
F. Group by supplier.
G. Group by description.
H. Group all requisition lines under one requisition header
Correct Answer: ACEFH
QUESTION 26
While defining Approval Groups, which three objects can you define authorization rules for? (Choose three.)
A. Buyer
B. Location
C. Commodity
D. Item Category
E. Account Range
F. Document Amount
Correct Answer: BDE
QUESTION 27
Which two statements are true regarding approval workflows In Purchasing? (Choose two.)
A. You can limit approval levels in an Approval Group by Item Category.
B. Approval routing can cut across legal entities within a business group.
C. A Purchase Requisition and a Standard Purchase Order cannot have different approval levels.
D. The Hierarchy Forward Method routes the document to the first approver in the hierarchy who has the required approval limits for that document.
E. During Position Hierarchy setup, a constraint that must be considered is that the Subordinate must not be the manager of the Position Holder in their regular job roles.
Correct Answer: AB
QUESTION 28
Which three are true about the Evaluated Receipt Settlement (ERS) proems? (Choose three)
A. Invoice is always created for the supplier site.
B. Invoice is always created In unapproved status,
C. Invoice currency is always defaulted from the purchase order currency.
D. Payment currency is always defaulted from the purchase order currency, E. Payment terms are always defaulted from the purchase order payment terms.
F. Amount is always determined by multiplying the Quantity received by the purchase order item unit price.
Correct Answer: BCF
QUESTION 29
There are four tabbed regions In the Supplier Item Catalog window (Negotiated Sources, Prior Purchases, Sourcing Rules, and Requisition Templates), but function security can be used to determine whether a user will be able to see all of them. In release R12, where is the requisition setup option that determines which of the tabbed regions is the default?
A. in the Profile Options setup
B. in the Lookup Codes setup
C. in the Document Types setup
D. in the Purchasing Options setup
E. in the Expense Account Rules setup
F. in the Requisition Preferences setup
Correct Answer: A
QUESTION 30
Price Tolerance (%) on the Purchasing Options Control section refers to the percentage by which ___________.
A. the purchase order line price cannot exceed a price quote
B. the invoice price cannot exceed the purchase order line price
C. the purchase order line price cannot exceed the blanket amount
D. the supplier catalog price cannot exceed purchase order line price
E. the purchase order line price cannot exceed the requisition line price
Correct Answer: E
QUESTION 31
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 can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.
E. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.
Correct Answer: BCE
QUESTION 32
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
Correct Answer: C
QUESTION 33
A Blanket Purchase Agreement Is created with the following cumulative price break:
Quantity > 0: Unit Price = $5 Quantity > 20: Unit Price = $4
Single line, single distribution releases are created as follows:
Release# 1 with quantity 15 Release# 2 with quantity 10
What are the unit price values on the releases?
A. Release1 $5, Release2 $5
B. Release1 $4, Release2 $4
C. Release1 $5, Release2 $4
D. It depends on the price tolerance for the line.
E. Release1 $5, Release2 $4 for a quantity of 5 and $5 for a quantity of 5
Correct Answer: C
QUESTION 34
You match an unordered receipt to_____.
A. a purchase order shipment from any organization
B. a Return Material Authorization (RMA. from any organization
C. a purchase order shipment from the same organization for any supplier
D. a purchase release shipment from the same organization for the same supplier
E. a finally closed purchase order shipment from the same organization for the same supplier
Correct Answer: D
QUESTION 35
Which four sources of information default records Into the Supplier Header? (Choose four.)
A. Invoice Options
B. System Options
C. Financial Options
D. Payables Options
E. Receiving Options
F. Purchasing Options
G. Approved supplier list
Correct Answer: CDEF
QUESTION 36
While implementing Oracle Payables, Oracle Purchasing, and Oracle General Ledger at GLO Ltd., you are informed by the accountant that the AP Clearing Account balance Is Increasing daily. To solve this issue, what would you check in the accounting process?
A. whether journals are posted regularly
B. whether suppliers are sequentially numbered
C. whether the month-end accrual process is run
D. whether invoices are matched to purchase orders and receipts
E. whether Oracle Payables transactions are reconciled with Oracle General Ledger
Correct Answer: D
QUESTION 37
Consider the following scenario for inventory item A: 1) Standard Cost $10 Purchase Order Line Price: $12, Purchase Order Line Quantity: 10 2) Receipt Routing: Direct Delivery You created a receipt of 8 units for item A. Which option correctly describes the effect on different accounts?
A. Debit Material Account $80; Credit Inventory AP Accrual Account $96; Debit Invoice Price Variance Account $16; No effect on Purchase Price Variance Account
B. Debit Material Account $80; Credit Inventory AP Accrual Account $96; No effect on Invoice Price Variance Account; Debit Purchase Price Variance Account $16
C. Debit Material Account $80; Credit Inventory AP Accrual Account $80; No effect on Invoice Price Variance Account; Debit Purchase Price Variance Account $16
D. Credit Material Account $80; Debit Inventory AP Accrual Account $96; No effect on Invoice Price Variance Account; Credit Purchase Price Variance Account $16
E. Debit Material Account $96; Credit Inventory AP Accrual Account $96; No effect on Invoice Price Variance Account; Credit Purchase Price Variance Account $16
Correct Answer: B
QUESTION 38
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
Correct Answer: ABC
QUESTION 39
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 $480; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $0; Credit AP Liability Account $280
B. 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
C. 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
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
Correct Answer: B QUESTION 40
Identify four ways in which sourcing rules significantly improve efficiency of procurement processes. (Choose four.)
A. Allowing you to transfer from one supplier site to the other, if It is a global supplier.
B. Assigning sourcing rules at the item or item-organization level using an assignment set.
C. Giving you the ability to identify the priority to be given to the local sites of a global supplier.
D. Sourcing the highest percentage of an item from only those suppliers who ranked the highest.
E. Allowing you to identify the most efficient shipping method to be used for a specific sourcing rule,
F. Automatically allocating planned orders across different suppliers based on predetermined criteria such as rank and percentage.
G. Allowing the implementer to define a single sourcing rule for an item at the Item Master level, to cater to all inventory organizations.
Correct Answer: BCEF
QUESTION 41
Select three true statements about the default of sourcing Information for requisitions and purchase orders. (Choose three.)
A. The item price on a requisition can be defaulted from the Item attribute setup.
B. Buyer name cannot be defaulted onto a requisition, but you can assign notes to a buyer.
C. You can modify the last name of the requester defaulting from the Human Resources employee record.
D. You must use the Transfer From assignment on a sourcing rule for Item Information to default onto an Internal requisition.
E. When you assign a commodity to an approved supplier list, you do not need to assign the individual items in the commodity.
F. You can have the same item on a quotation and a blanket agreement but the supplier or supplier site must be different, so that It can default onto a requisition line.
Correct Answer: ADE
QUESTION 42
You receive a request to create a new menu. Instead of creating a new menu, you modify an existing menu and save It to a different User Menu Name. What happens after saving the menu with a different User Menu Name?
A. There will be two menus.
B. The original menu is disabled.
C. The new menu will not contain any functions.
D. The new menu will overwrite the original menu.
Correct Answer: D
QUESTION 43
A Global Single Instance (GS1) provides the global enterprise with a single, complete data model, Identify three features In Oracle Business Suite Release 12 that support a 6SL (Choose three.)
A. maintenance of third-party applications
B. automation of standardized documents and audit processes
C. decentralization of operations by regions, divisions, or processes
D. consolidation of data centers and lowering administrative overhead
E. capture of statutory and customary local requirements In the same database
Correct Answer: BDE
QUESTION 44
Identify two types of regions in Daily Business Intelligence. (Choose two.)
A. menu
B. table
C. folder
D. report
E. graph
Correct Answer: BE
QUESTION 45
A global company uses Oracle E-Business Suite Release 12 for Its operations In the U.S. and Canada. The company Is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control.
You set the MO: Operating Unit profile option at the ____level.
A. Site
B. User
C. Application
D. Responsibility
Correct Answer: D
QUESTION 46
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. 1, 3, 4, 2
D. 4, 3, 1, 2
Correct Answer: B
QUESTION 47
Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)
A. Ledger
B. Legal Entity
C. Operating Unit
D. Reporting Level
E. Reporting Context
Correct Answer: DE
QUESTION 48
XYZ Corp. has operations In the U.S. and Canada. Within Canada, It has two separate Divisions due to Statutory requirements: one In Quebec and another In Ontario. How would you define the organization structure for XYZ Corp. from the Information given above?
A. two Ledgers, two Legal Entitles, and two Operating Units
B. two Ledgers, two Legal Entities, and three Operating Units
C. two Ledgers, three Legal Entities, and two Operating Units
D. two Ledgers, three Legal Entities, and three Operating Units
E. three Ledgers, three Legal Entities, and three Operating Units
Correct Answer: D
QUESTION 49
Identify the four resources that Oracle Technology Network (OTM) provides. (Choose four.)
A. sample codes
B. Bug Database
C. technical articles
D. product downloads
E. product documentation
F. Applications Electronic Technical Reference Manuals (eTRM)
Correct Answer: ACDE
QUESTION 50
ABC Corp, has the following Organization Structure
1) Legal Entity: A 2) Operating Units: B end C 3) Balancing Entitles: 10. 20. and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)
A. Each Balancing Entity mutt balance within itself.
B. There can be multiple Balancing Entitles within an Operating Unit
C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
D. Balancing Entitles can be automatically secured at the Legal Entity level.
E. Balancing Entities can be secured at the Operating Unit level through Security Rules
Correct Answer: ABE
QUESTION 51
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
Correct Answer: DE
QUESTION 52
Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)
A. creating an appropriate role
B. creating an appropriate group
C. constructing a new menu hierarchy
D. defining rules to exclude specific functions
Correct Answer: CD
QUESTION 53
A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?
A. Ledger
B. Chart of Accounts
C. Multi-Org Structure
D. Accounting Convention
E. Financial Accounting Calendar
Correct Answer: D
Free practice questions for Oracle 1Z0-520 exam.These questions are aimed at giving you an idea of the type of questions you can expect on the actual exam.You will get an idea of the level of knowledge each topic goes into but because these are simple web pages you will not see the interactive and performance based questions – those are available in the Oracle 1Z0-520.
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