Oracle Oracle Certifications 1Z0-520 Questions & Answers

• Question 251:

  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 252:

  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 253:

  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 254:

  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 255:

  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 256:

  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 257:

  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 258:

  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 259:

  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 260:

  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