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Q41. Which two are true about the key accounts in the Procure to Pay process? (Choose two.) 

A. The Receiving account is used to record the current balance of material in receiving and inspection. 

B. The Invoice Price Variance account is used to record differences between the invoice price and the average cost. 

C. The Expense AP Accrual account is used to accrue payable liabilities when you receive items you will capitalize as inventory. 

D. The Purchase Price Variance account is used to record differences between the purchase order line price and the average cost. 

E. The Exchange Rate Gain or Loss account is used to record differences between the exchange rate used for the purchase order and the exchange rate used for the invoice. 

Answer: A,E 

Q42. Which four responsibilities must be defined in order to perform the purchasing setup when the complete Oracle R12 E-Business Suite is installed? (Choose four.) 

A. Inventory Manager 

B. Payables Manager 

C. Receivables Manager 

D. System Administrator 

E. Purchasing Super User 

F. General Ledger Super User 

G. Advanced Supply Chain Planner 

Answer: B,D,E,F 

Q43. A global manufacturing organization (GLO) has multiple sourcing rules and approved supplier lists (ASLs) that are set up correctly. 

Three of the inventory organizations are ITA, NYC, and GER. NYC is a manufacturing organization and the other two are distribution warehouses. The three organizations source items from each other. Which two statements are valid? (Choose two.) 

A. One global location is sufficient for the three organizations. 

B. Three lines were set up on a sourcing rule and the sourcing rule was assigned to a single Assignment Set. 

C. A sourcing rule is set up for a supplier but no ASL. When an item is entered on a requisition for this supplier, the supplier information would not be defaulted. 

D. The price for item A is set in ITA at P1 and in GER at P2. When you raise an internal requisition for item A in destination org ITA and source org GER, the defaulted price is P2. 

E. ITA has a sourcing rule to source a part from GER. You also assign a bill of distribution to ITA to source the same part from the manufacturing plant NYC. The default source would be GER. 

Answer: B,E 

Q44. Which three statements are true about ABC Analysis and cycle count Classes? (Choose three.) 

A. The hit/miss% for the Class overrides the hit/miss% of the cycle count header. 

B. The hit/miss% for the cycle count header overrides the hit/miss% of the Class. 

C. An ABC Analysis can be compiled for a subinventory that is defined as a non-quantity-tracked subinventory. 

D. An ABC Analysis can be compiled for nonasset (expense) subinventories for which quantities are tracked. 

E. In ABC Analysis, a quantity variance must always be submitted for approval, regardless of the tolerance levels. 

F. Positive and negative tolerances can be entered for each class, which will override the tolerance at the cycle count header level. 

Answer: A,D,F 

Q45. What is the prerequisite for entering unscheduled entries in a cycle count? 

A. Run a manual schedule request to generate counts. 

B. Generate cycle count requests before entering counts. 

C. Run an automatic schedule request to generate counts. 

D. Run the count generation program for unscheduled entries. 

E. Set the Unscheduled Entries flag to Yes in the cycle count header. 


Q46. A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries? 

A. Ledger 

B. Chart of Accounts 

C. Multi-Org Structure 

D. Accounting Convention 

E. Financial Accounting Calendar 


Q47. 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 


Q48. Which two statements are true regarding lot-based unit of measure (UOM) conversions? (Choose two.) 

A. You cannot update existing on-hand balances for lot-based UOM conversions. 

B. You can create lot-specific UOM conversions for on-hand lots or lots with a zero balance. 

C. You cannot create lot-specific UOM conversions for on-hand lots or lots with a zero balance. 

D. During a PO receipt, the lot-based conversion cannot be updated if the lot does not match existing conversion rates. 

E. Updating the on-hand balance on a lot-based UOM conversion requires a cycle count transaction with the lot number provided in the count record. 

Answer: B,D 

Q49. A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI and H2, respectively. 

The company has a policy that only the Controllers and those above them can approve capital Items on requisitions and purchase orders. However, the Purchase Manager (who reports to the Controller) must also be able to authorize capital purchases. 

The account range for capital items is: 2000-2599. 

The relevant approval limits are: 

1) Purchase Manager in both BGs: $100,000 

2) Controller in BGI: $500,000 3) Controller in BG2: $200,000 

Which two options represent a valid and efficient approval process? (Choose two.) 

A. An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it. 

B. An employee in BG2 raises a capital requisition for $250,000, which is verified by the employee's manager and then forwarded to the group Controller in BG2 who approves it. 

C. The buyer hi BGI raises a standard purchase order for $250,000 with the charge account 2106. The Purchase Manager verifies it and forwards it to the controller in BGI who approves it. 

D. A buyer in BG2 raises a purchase order for $10,000 with charge for inventory items to be stocked in an asset subinventory. The Purchase Manager in BG2 verifies and forwards it to the Controller in BG2. 

E. The shop floor supervisor in BGI raises a requisition for a new drilling machine for $250,000. The supervisor's manager (Production Manager) verifies the requisition and forwards it to the Controller in BGI for a final approval. 

F. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 approves it and instructs the buyer to ensure a 2-year warranty on this equipment. The buyer in BG2 places the order on the supplier. 

Answer: C,F 

Q50. Which three statements are true about modifying Flexfield values? (Choose three.) 

A. The values cannot be disabled. 

B. The value description can be changed. 

C. The effective dates for a value can be limited. 

D. The values can be deleted after they are defined. 

E. The values cannot be modified after they are defined. 

Answer: B,C,E