1Z1-520 by Oracle Actual Free Exam Questions And Answers

Question 1

Which four responsibilities must be defined in order to perform the purchasing setup when the complete Oracle R12 E-Business Suite is installed? (Choose four.)

A. Payables Manager

B. Advanced Supply Chain Planner

C. Purchasing Super User

D. General Ledger Super User

E. Inventory Manager

F. System Administrator

G. Receivables Manager

Discussion 0

Correct Answer: A,C,D,F Vote an answer

Question 2

ABC Corp. has determined Its Accounting Key Flexfield structure for the implementation of Oracle E-Buslness Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account, and Product.
They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)

A. The Account Segment has a Value Set with no Validation.

B. The Product Value Set is dependent on the Accounts.

C. Cross-validation rules are required to enforce dependency of Departments on the Business Units

D. The Business Unit Value Set is defined as Independent.

E. The Company Segment is qualified as the Balancing Segment.

F. The Department Segment is qualified as an Intercompany Segment.

Discussion 0

Correct Answer: C,D,E Vote an answer

Question 3

Min-max planning can be used _____.

A. in Exponential Smoothing Forecast calculations

B. only at the subinventory level

C. in Economic Order Quantity(EOQ) calculations

D. in place of MRP/MPS planning

E. in Material Requirement Planning/Master Production Schedule (MRP/MPS) calculations

Discussion 0

Correct Answer: D Vote an answer

Question 4

What two conditions prevent you from reserving the inventory? (Choose two.)

A. The inventory module is installed as Shared.

B. The items have a nonreservable material status.

C. The inventory is in a Standard Cost inventory organization.

D. The inventory is in an Average Cost inventory organization.

E. The reservation will cause the on-hand quantity to be negative.

Discussion 0

Correct Answer: B,E Vote an answer

Question 5

Select the true statement about Material Status Control.

A. The profile option "INV: Allow Expense to Asset Transfer" must be set to Yes at the application level to enforce Material Status Control.

B. The profile option "INV: Transaction Reasons Security" must be set to Yes at the site level to enforce Material Status Control.

C. The profile option "INV: Material Status Support" must be set to Yes at the site level to enforce Material Status Control.

D. The profile option "INV: Default Item Status" must be set to Active at the site level to enforce Material Status Control.

Discussion 0

Correct Answer: C Vote an answer

Question 6

You are creating an interorganization transfer. The standard shipping lead time defined for the transfer is 14 days. You want to move the inventory from the source and put it in Intransit. You made a mistake and did not choose the option to have Intransit Inventory. When you initiate the process for interorganization transfer, what is the result of the transaction?

A. You would get an error for the transaction, because it violates referential integrity.

B. The inventory would be moved from the source organization, but it would be moved directly to the destination organization.

C. The inventory would be moved from the source organization, but it would be moved to Intransit Inventory, because there is a lead time of 14 days defined.

D. The inventory would not be moved from the source organization, because there is a lead time of 14 days defined.

Discussion 0

Correct Answer: B Vote an answer

Question 7

What are the four required fields when defining a request set? (Choose four.)

A. Set

B. Application

C. Active Date

D. Owner

E. Set Code

F. Description

Discussion 0

Correct Answer: A,B,C,E Vote an answer

Question 8

The client uses an external application as the source for cycle counts. What value should be used for the profile option INV: CCEOI Commit Point to ensure successful processing of the Import Cycle Count Entries from Open Interface concurrent program consistently?

A. A number

B. Simulate

C. Create

D. Process

Discussion 0

Correct Answer: A Vote an answer

Question 9

Select two conditions which will permit the transfer of lot-controlled items between inventory organizations.
(Choose two.)

A. Item is lot-controlled in the shipping organization, but not the receiving organization.

B. Item is lot-controlled at the subinventory level.

C. Item is lot-controlled in both the shipping and receiving organizations.

D. Item is lot-controlled in either the shipping or receiving organizations.

E. Item is lot-controlled in the receiving organization, but not the shipping organization.

Discussion 0

Correct Answer: A,C Vote an answer

Question 10

You received 100 units of item A on Monday. On Tuesday, you discovered that three units are missing from the shipment. You entered a correction to adjust the quantity received to 97. On Wednesday, you found two units damaged and you created a Return To Supplier transaction. The profile option PO: ERS Aging Period is set to 3 days. What is true if the Payment on Receipt process is run on Friday?

A. The process will generate an invoice for 97 units. Then you will have to manually create a debit memo for 2 units.

B. The Return To Supplier transaction already created a debit memo. The Payment on Receipt process will generate an invoice for 97 units.

C. The process will generate an invoice for 100 units. Then you will have to manually adjust the invoice for
3 units and create a debit memo for 2 units.

D. The process will generate an invoice for 97 units and a debit memo for 2 units.

E. The process will generate an invoice for 95 units.

Discussion 0

Correct Answer: E Vote an answer

Question 11

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

A. Business Group

B. Legal Entity

C. Ledger

D. Balancing Entity

E. Operating Unit

Discussion 0

Correct Answer: B Vote an answer

Question 12

Which Approved Supplier List (ASL) entry would take precedence for an item?

A. Local entry that applies only to your organization.

B. Local entry that applies to your suppliers.

C. Both local and global entries that apply to your suppliers.

D. Global entry that applies to all organizations of your company.

E. Global entry that applies to your suppliers.

Discussion 0

Correct Answer: A Vote an answer

Oracle EBS R12.1 Purchasing Essentials - 1Z1-520 Exam Practice Test

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