Exam Code: 1Z0-520 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: Oracle EBS R12.1 Purchasing Essentials
Certification Provider: Oracle
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Q61. Your client uses Average Costing to value the items in the inventory. A Miscellaneous Receipt transaction has been submitted for a quantity of 1 of an item. What are the two possible values that could have been added to the Material Account by this transaction? (Choose two.) 

A. 1 x (User-entered Unit Cost) 

B. 1 x (Current Average Unit Cost) 

C. The transaction will not be costed until the next Cost Manager program is executed. 

D. 1 x (Average Cost Variance), calculated when the next Cost Manager program is executed 

Answer: A,B 


Q62. In the Descriptive Flexfield (DFF. implementation, the purpose of the "Synchronize check box is to synchronize . 

A. the DFF Values with the Reference field 

B. the DFF Contexts with the Reference field 

C. the DFF Attributes with the Reference field 

D. the DFF Segments with the Reference field 

E. the DFF Value Sets with the Reference field 

Answer:


Q63. You are working on an implementation of Oracle Purchasing at a financial institution. The client has strategically sourced a firm for all its desktop needs. Volume discounts apply. The client has standardized pricing requirements for specific brands of equipment and peripherals. Which two types of procurement documents would you suggest? 

(Choose two.) 

A. Global Agreement 

B. Contract Agreement 

C. Planned Purchase Order 

D. Standard Purchase Order 

E. Blanket Purchase Agreement 

Answer: A,E 


Q64. Which three statements regarding inventory forecasting are true? (Choose three.) 

A. Focus forecasting can only be generated from historical data. 

B. Focus forecasting is typically used to produce single period forecasts. 

C. Statistical forecasting can be generated from either historical data or master schedule entries. 

D. Statistical forecasting enables you to apply exponentially weighted trend and seasonality factors to predict demand. 

E. Statistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model. 

Answer: A,B,D 


Q65. A multinational company operates in three countries, with one operating unit (OU) in each. Each OU is linked to one inventory organization. One of the inventory organizations is a manufacturing plant. Which two statements are correct? (Choose two). 

A. A location is a legal address, it cannot be a Ship-To site for more than one country. 

B. A location is unique to a specific OU responsibility when the Global check box is selected. 

C. When a location is flagged as local, you must assign the local inventory organization to it. 

D. The Ship-To location and Ship-To site for the same inventory location can be in different countries. 

E. You cannot set a default receiving location in the Receiving Options for each inventory organization. 

Answer: D,E 


Q66. A Global Single Instance (GS1) provides the global enterprise with a single, complete data model, Identify three features In Oracle Business Suite Release 12 that support a 6SL (Choose three.) 

A. maintenance of third-party applications 

B. automation of standardized documents and audit processes 

C. decentralization of operations by regions, divisions, or processes 

D. consolidation of data centers and lowering administrative overhead 

E. capture of statutory and customary local requirements In the same database 

Answer: B,D,E 


Q67. Identify the correct sequence of steps in the purchase order period close business flow. 

A. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3. 

Close the purchasing period. > 4. Process remaining inventory transactions and close the inventory accounting period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write off accrued transactions as necessary. > 7. Create a manual journal entry for write-offs. 

B. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3. 

Close the purchasing period. > 4. Run the Accrual Rebuild Reconciliation report. > 5. Write off accrued transactions as necessary. > 6. Create a manual journal entry for write-offs. > 7. Process remaining inventory transactions and close the inventory accounting period. 

C. 1. Process remaining inventory transactions and close the inventory accounting period. > 2. 

Run the Accrual Rebuild Reconciliation report. > 3. Write-off accrued transactions as necessary. > 

4. Create a manual journal entry for writeoffs. > 5. Review the Uninvoiced Receipts report. > 6. 

Process period-end accruals. > 7. Close the purchasing period. 

D. 1. Process remaining inventory transactions and close the inventory accounting period. > 2. 

Review the Uninvoiced Receipts report. > 3. Process period-end accruals. > 4. Close the purchasing period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write-off accrued transactions as necessary. > 7. Create a manual journal entry for write-offs. 

Answer:


Q68. 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 


Q69. Identify the four resources that Oracle Technology Network (OTM) provides. (Choose four.) 

A. sample codes 

B. Bug Database 

C. technical articles 

D. product downloads 

E. product documentation 

F. Applications Electronic Technical Reference Manuals (eTRM) 

Answer: A,C,D,E 


Q70. 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: A,C,D