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Vendor: Oracle
Exam Code: 1Z0-520
Exam Name: Oracle EBS R12.1 Purchasing Essentials

QUESTION 1
Oracle Daily Business Intelligence functions are secured using standard Oracle Applications function security. Choose three dashboards that are secured by the inventory Organization. (Choose three)
A.    Inventory Management
B.    Warehouse Management
C.    Procurement Management
D.    Commodity Supplier Management
E.    Customer Fulfillment Management

Answer: ABE

QUESTION 2
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

Answer: ABC

QUESTION 3
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 account and cash account to have visibility of the Cash in Transit on the balance sheet.

Answer: BCE

QUESTION 4
In the Multi-Org model, which organization type is the highest level that impacts accounting?

A.    Ledger
B.    Operating Unit
C.    Business Group
D.    GRE/Legal Entity
E.    Inventory Organization

Answer: A
QUESTION 5
What is the best way to set up this item?

A.    Create contract purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
B.    Do not create blanket or contract purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
C.    Create a blanket purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.
D.    Create a contract purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.
E.    Create blanket purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.

Answer: C

QUESTION 6
Company X has three Operating Units A, B and C. Each Operating Unit has the MO: Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?

A.    Paul can create transactions for the A, B and C Operating Unit.
B.    Ail transactions created by Paul are automatically assigned to the Operations only against A.
C.    Paul can report on data across A, B and C Operating Unit, but enter transactions only against A.
D.    The profile option aid not include Operating Unit C due to an error by the system administrator.
E.    The Payables responsibility is linked to the Operating Unit A the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.

Answer: A

QUESTION 7
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

Answer: D

QUESTION 8
Which three financial options can be defaulted when you enter a new supplier? (Choose three)

A.    Ship Via
B.    Default Buyer
C.    RFQ-Only Site
D.    Bill-To Location
E.    Supplier Classification
F.    Payment Bank Account

Answer: ACD

QUESTION 9
Requisition Import groups all requisions 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

Answer: ACEFH

QUESTION 10
Identify two features of an independence value set. (Choose two)

A.    There is a predefined list of values for a segment.
B.    The values are stored in a product applications table.
C.    The values are stored in an Oracle Application Object Library table.
D.    You can enter a value other than those in the predefined fist of values.

Answer: AC

QUESTION 11
Shared entities are used throughout Oracle E-Business Suite Release 12.Identify the four entities that are shared. (Choose four)

A.    Ledger
B.    Sales Force
C.    Unit of Measure
D.    Invoice Sources
E.    Oracle Application Object Library (AOL)

Answer: ABCE

QUESTION 12
Consider the following scenario for inventory item B.
1.    Standard Cost 10
2.    Purchase Order Liner Quantity, 100: Purchase Order Line Price: 12.
3.    Match Approval Level Three-Way Matching:Receipt Routing:Direct Delivery.
4.    Receipt 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.

Answer: B

QUESTION 13
When implementing Purchase at FGH Corp, you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies.(choose three)

A.    Entering suppliers twice
B.    Issuing specific invoices
C.    Generating inaccurate returns
D.    Generating inaccurate receipts
E.    Generating accurate supplier reports
F.    Issuing more payments than necessary
G.    Issuing more purchase orders than necessary

Answer: AFG

QUESTION 14
Consider the following scenario for inventory item B:
1.    Standard Cost 12 Purchase Order Line Price: 12, Purchase Order Liner 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 Purchase Price Variance Account. Debit invoice Price Variance Account 16.
C.    Credit Material Account 80: Debit Inventory AP Accrual Account 80: No effect on Purchase Price Variance Account. Credit invoice Price Variance Account 16.
D.    Debit Material Account 96: Credit Inventory AP Accrual Account 96: No effect on Purchase Price Variance Account. Credit invoice Price Variance Account 16.

Answer: A

QUESTION 15
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 Account

Answer: BDE

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