Oracle Oracle Certifications 1Z0-521 Questions & Answers

• Question 101:

  Event types in sub ledger accounting are groupings of ________.

  A. Events

  B. Accounts

  C. Event models

  D. Event entities

  E. Event classes

  Correct Answer: E

• Question 102:

  Identify three correct statements regarding the revenue recognition feature. (Choose three)

  A. Back-to-back orders are contingencies that OM supports in the context of revenue recognition.

  B. COGS can be recorded on the invoice line, whereas revenue can be recorded in the shipped line.

  C. Customer acceptance is the only contingency that OM supports in the context of revenue recognition.

  D. As revenue is recognized, a corresponding percentage of deferred COGS may not move to real COGS.

  E. Deferred revenue and COGS accounting can be very successfully used as solution for ATO/PTO matching problem

  F. Revenue recognition depends on and interacts with inventory, Costing, account receivables, OM, and shipping execution

  Correct Answer: CEF

• Question 103:

  Which three activities are the parts of shipping process in order to cash cycle? (Choose three)

  A. Scheduling the order line

  B. Splitting sales order lines

  C. Assigning deliver to trips

  D. Decrementing inventory after ship has happened

  E. Moving materials from factory to the stocking warehouses

  F. Create move orders to transfer the items to the shipping Subinventory

  Correct Answer: CDF

• Question 104:

  When setting up order transaction types, which is the first setup step required?

  A. Create the order transaction type

  B. Create a document sequence for orders

  C. Create the line transaction type for order lines.

  D. Create the line transactions type for return lines.

  E. Assign line flows to the order transaction type

  F. Assign the order transaction type to the document sequence.

  Correct Answer: C

  Before you can setup the 'order' level transaction types, you must first setup the 'line' level transaction

  types.

  This is because when you setup the order level, you assign the line level flows.

  

• Question 105:

  Identify the four statements related to the MOAC functionality. (Choose four)

  A. When querying any transaction, one must specify the operating unit.

  B. The Operating Unit field is a display-only field for the transaction forms.

  C. While entering a transaction, the Operating Unit needs to be selected in case the user wants an Operating Unit other than the default.

  D. While querying for a transaction, entering the Operating Unit helps the application the query looser number of transaction and results in better performance.

  E. A new Operating Unit field unit has been added to all the forms that allow the user to view and manage Sales Orders and Returns across multiple operating units.

  F. A new Operating Unit field unit has been added to all the forms that allow the user to view and manage

  Sales Agreements and Quotes across multiple operating units.

  Correct Answer: CDEF

• Question 106:

  Setting the inventory parameter Auto create Lot UOM conversion to "Yes" _______.

  A. Create lot specific UOM conversions for item under UOM control across the inventory organization.

  B. Create lot specific UOM conversions for item under UOM control across the lot controlled sub inventories.

  C. Create lot specific UOM conversions for item under UOM control across lot controlled inventory locators

  D. Create lot specific UOM conversions for item under UOM control across the item master inventory organization

  Correct Answer: A

• Question 107:

  Select three valid values for action when defining ship confirm rules. (Choose three)

  A. Cancel all

  B. Delete all

  C. Backorder all

  D. Cycle count all

  E. Ship entered quantities

  F. Stage entered quantities

  Correct Answer: CDE

• Question 108:

  When adding a new recipient to the Approvals list for the seeded Negotiation Flow with Approvals, which two statements are true? (Choose two.)

  A. Open the seeded workflow and add the new name there.

  B. Modify the seeded approvals list to create a new workflow.

  C. The seeded workflow list of approvers cannot be modified.

  D. Select setup>Transaction types > Approvals and add the recipient to the list of approvers to the appropriate list name.

  E. Select setup>Transaction types, query the appropriate transaction type and then click the Approvals button. Finally the user should add the recipient to the list of Approvers for the appropriate list name.

  Correct Answer: DE

• Question 109:

  Identify three correct statements regarding customer acceptance setups. (Choose three.)

  A. Customer acceptance can be enabled at the inventory organization level

  B. For enabling customer acceptance, no setup is required on OM

  C. Customer acceptance can be enabled at the OM operating-unit level

  D. Define assignments rules for deferral reasons at the customer, site, or item level.

  E. The first step to enable customer acceptance is to set the OM system parameter: Enable Fulfillment Acceptance.

  F. The second step of the customer acceptance setup is to define customer acceptance deferral reasons in the AR revenue management setup.

  Correct Answer: CEF

• Question 110:

  Select the three permissions for setting basic pricing profile options. (Choose three)

  A. View

  B. Delete

  C. Administer

  D. Read only

  E. No access

  F. View and update

  Correct Answer: AEF