1Z0-520 | The Up to the minute Guide To 1Z0-520 practice test


Q1. An approved supplier list (ASL) is being defined in a multiorganization environment, which two statements are valid? 

A. Setting up a Global ASL is mandatory. 

B. If a supplier item has a local ASL setup, you cannot set it up on a Global ASL. 

C. The supplier for an item-supplier association must be global, while the supplier site can be local. 

D. Company X has set up Planning would source planned orders. The approval status of the supplier can be set to New or Approved. 

Answer: C,D 

Q2. 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. 

Answer: B,E 

Q3. Your customer is interested in implementing revision control for the finished goods model items. Which two requirements can be met by implementing revision control? (Choose two.) 

A. changing model functionality when on-hand quantity is available 

B. tracking design changes in other modules (BOM, Work In Process) with a different model number 

C. scrapping the old model and introducing a new model which has changes in functionality and features 

D. accommodating a slight design change in the model, where functionality and features remain the same 

E. tracking design changes in all other functions, such as Bill of Materials, Routings, Work in Process, and so on, using the same model number 

Answer: D,E 

Q4. Which setup profile option allows you to send a report directly to a browser window? 

A. Viewer: Text 

B. Concurrent: Report Copies 

C. Flexfields: Open Key Window 

D. Concurrent Report: Access Level 

Answer:

Q5. Your client's department administrative assistant (only) is allowed to self-approve the office supplies requisitions up to $5,000.00. For all other types of requisitions, there is no approval authority. 

The company's location is Ann Arbor. 

The purchasing category for office supplies is Office.Supplies. 

The chart of accounts follows this format: Company.Business Group.Cost Center.Account.Future. 

Your client's company account code is "01," business group is "100," cost center (or department) is "560," the account for office supplies is "67549," and the future segment is always "000000." Which approval group setup would enable this restrictive purchasing practice? 

A. Document Total: Amount Limit = $5,000.00 

Location: Amount Limit = $5,000 and Location = Ann Arbor 

Category Range: Amount Limit = $10,000 

Category Range: From x.Supplies To: Office.Supplies 

B. Document Total: Amount Limit = $0.00 

Account Range: Amount Limit = $5,000. 

Account Range: From: 01.100.560. 67549.000000 To 01.100.560. 67549.000000 

Category Range: Amount Limit = $5,000 

Category Range: From Office.Supplies To: Office.Supplies 

C. Document Total: Amount Limit = $0.00 

Account Range: Amount Limit = $5,000 

Account Range: From: 01.100.560. 67549.000000 To: 01.100.560. 67549.000000 

Category Range: Amount Limit = $5,000 

Category Range: From: Office.Supplies To: Office.Supplies 

Requisition Document Type setup = 'Owner can Approve' D. 

Document Total: Amount Limit = $0.00 

Account Range: Amount Limit = $5,000 

Account Range: From: 01.100.560. 00000.000000 To: 01.100.560. 99999.000000 

Location: Amount Limit = $5,000 and Location = Ann Arbor 

E. Set the Document Total object to include an amount limit of $5,000.00 

Set the Account Range object to include an amount limit of $5,000 and account range from 

01.100.560.00000.000000 to 01.100.560.99999.000000. 

Set the Account Range object to include an amount limit of $5,000 and account range from 

01.100.560.00000.000000 to 01.100.560.99999.000000. 

Set the Requisition Document Type setup to 'Owner can Approve'. 

Answer:

Q6. At BBC Inc., you are implementing Oracle Work in Process, Oracle Advanced Supply Chain Planning, Oracle Bill Of Materials, Oracle Inventory, and Oracle Engineering. When creating requisitions, which two modules do NOT feed data into Oracle Purchasing? (Choose two.) 

A. Oracle Inventory 

B. Oracle Engineering 

C. Oracle Bill Of Materials 

D. Oracle Work in Process 

E. Oracle Advanced Supply Chain Planning 

Answer: B,C 

Q7. When implementing Purchasing 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: A,F,G 

Q8. 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 

Answer:

Q9. For the profile option TP: INV Cycle Count Entries form to Background processing, what are the system requirements for it to be effective? (Choose two.) 

A. The Receiving Transaction manager must be active. 

B. The Cost Manager interface manager must be active. 

C. The Move Transaction interface manager must be active. 

D. The Material Transaction interface manager must be active. 

E. The Lot Move Transaction interface manager must be active. 

Answer: B,D 

Q10. The Requisition Open Interface is loaded from a variety of sources. Identify five. (Choose five.) 

A. Oracle Inventory 

B. Oracle Purchasing 

C. Oracle iProcurement 

D. Oracle Order Management 

E. Internal Requisitions 

F. Oracle WIP (Work in Process) 

G. Flat files from non-Oracle systems 

H. Oracle MRP (Material Requirements Planning) 

Answer: A,D,F,G,H