Oracle Oracle Certifications 1Z0-520 Questions & Answers

• Question 41:

  Which three purchasing Electronic Data Interchange (EDI) transactions are supported in the e-Commerce gateway? (Choose three.)

  A. Quotation

  B. Update Supplier

  C. Supplier item creation

  D. Request for Quotation

  E. Purchase Order Change Order

  F. Advance Shipment and Billing Notice

  Correct Answer: DEF

• Question 42:

  The Accrual Reconciliation report can be used to identify problems in receiving, purchasing, inventory, work in process, or accounts payable transactions.

  Which three problems can this report be used to identify? (Choose three.)

  A. payments made to the wrong invoices

  B. mismatches in receipt and invoice quantities

  C. invoices matched to the wrong purchase order

  D. receipts made against the wrong purchase order E. sales tax and freight charged to the A/P Liability account

  F. miscellaneous inventory or work in process transactions that used the Invoice Price Variance account in error

  Correct Answer: CEF

  Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13410/T446883T471354.htm

• Question 43:

  Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

  A. secures user access to data

  B. supports fixed asset management

  C. procures from one Legal Entity and receives in another

  D. supports multiple language installations of Oracle Applications

  E. supports any number of business units within a single installation

  Correct Answer: ACE

• Question 44:

  Identify three features of a Value Set. (Choose three.)

  A. Value Sets are mandatory.

  B. Value Sets must contain a list of values.

  C. Value Sets control the values for many report parameters.

  D. The same Value Set can be shared between different Flexfiields.

  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment.

  Correct Answer: CDE

• Question 45:

  Identify three true statements regarding Multiple Organization reporting. (Choose three.)

  A. Cross Organization reports and multiple Organization reports are the same.

  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.

  C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.

  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.

  F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.

  Correct Answer: CDE

• Question 46:

  Select the true statement about Material Status Control.

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

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

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

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

  Correct Answer: B

• Question 47:

  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 95 units.

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

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

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

  E. 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.

  Correct Answer: A

• Question 48:

  Select three statements that are true. (Choose three.) The timing and frequency of running the process to transfer payables transactions to General Ledger depends on _____.

  A. how often you need to process mass additions

  B. how often you need to see balances in Projects updated

  C. how often you need to run the Invoice Validation process

  D. how often you need to run the Period-End Accrual process

  E. how often you need to do financial reporting out of the general ledger

  F. how often you need to run the Payables Accounting process to create the accounting entries

  Correct Answer: ABE

• Question 49:

  Which two functional areas have default category sets? (Choose two.)

  A. Planning, Engineering, Costing

  B. Purchasing, Payables, Inventory

  C. Inventory, Purchasing, Bill of Materials

  D. Order Management, Inventory, Purchasing

  E. Inventory, Bill of Materials, Work in Process

  F. Planning, Order Management, General Ledger

  G. Order Management, Inventory, Work in Process

  Correct Answer: AD

• Question 50:

  You have an item that has four different units of measure (UOMs) defined for usage. They are Each, Pack, Box, and Case.

  1 Pack = 24 Each 2 Packs = 1 Box 4 Boxes = 1 Case

  What conversions need to be established to accommodate these four relationships?

  A. Each =1, 1 Pack = 24 Each, 1 Box = 24 Each, 1 Case = 96 Each

  B. Each = 1, 1 Pack =24 Each, 1 Box = 48 Each, 1 Case = 192 Each

  C. Each = 1, 1 Pack =24 Each, 1 Box = 48 Each, 1 Case = 168 Each

  D. Each = 1, 1 Pack = 24 Each, 1 Box = 240 Each, 1 Case = 240 Each

  E. Each = 1, 1 Pack = 12 Each, 1 Box = 480 Each, 1 Case =1920 Each

  F. Each = 1, 1 Pack = 24 Each, 1 Box = 480 Each, 1 Case = 1920 Each

  Correct Answer: B