Download Oracle EBS R12.1 Purchasing Essentials.1z0-520.SelfTestEngine.2019-12-23.171q.vcex
| Vendor: | Oracle |
| Exam Code: | 1z0-520 |
| Exam Name: | Oracle EBS R12.1 Purchasing Essentials |
| Date: | Dec 23, 2019 |
| File Size: | 761 KB |
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Demo Questions
Question 1
Which setup profile option allows you to send a report directly to a browser window?
- Viewer: Text
- Concurrent: Report Copies
- Flexfields: Open Key Window
- Concurrent Report: Access Level
Correct answer: A
Question 2
Which three financial options can be defaulted when you enter a new supplier? (Choose three.)
- Ship Via
- Default Buyer
- RFQ-Only Site
- Bill-To Location
- Supplier Classification
- Payment Bank Account
Correct answer: ACD
Question 3
Which two statements are true about using foreign currency? (Choose two)
- Requisition total is expressed in foreign currency.
- Currency can be changed even after a requisition is approved.
- Currency cannot be changed once a purchase order is approved.
- A foreign currency reference can be specified for each purchase order line.
- Requisition can automatically source blanket agreements or catalog quotations with foreign currency information.
Correct answer: CD
Question 4
Identify the correct sequence of steps in the Procure to Pay period dose process.
- Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Post journal entries in GL > Reconcile AP activity for the period. > Close the PO period.
- Prepare for period close. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Close the PO period. > Post journal entries in GL
- Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in PO. > Post journal entries in GL > Reconcile PO activity for the period. > Close the AP period.
- Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Post journal entries in GL > Close the PO period.
- Prepare for period dose. > Run Validation/ Review and resolve holds. > Transfer and review. > Close the period in AP. > Create accounting. > Post journal entries in GL. > Reconcile AP activity for the period. > Close the PO period.
Correct answer: A
Question 5
A multinational company is setting up the sourcing rules and approved supplier list (ASL) to source inventory items across different organizations.
Which two statements are true? (Choose two.)
- You do not need to create a local ASL if you create a Global ASL
- Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.
- You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.
- The country of origin must be entered in the ASL, or it would not be available on the purchasing document.
- A commodity can be assigned to a supplier at both the global level and at the local level, and the local level assignment takes precedence.
Correct answer: BE
Question 6
Which control option prevents changes or additions to the purchase order or release, but maintains the ability to receive and match invoices?
- Hold
- Firm
- Close
- Freeze
- Finally Close
Correct answer: D
Question 7
An approved supplier list (ASL) is being defined in a multiorganization environment.
Which two statements are valid? (Choose two.)
- Setting up a Global ASL is mandatory.
- If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.
- The supplier for an item-supplier association must be global, while the supplier site can be local.
- Company X has set up Planning and would source planned orders. The approval status of the supplier can be set to New or Approved.
Correct answer: CD
Question 8
The buyer decides to automatically update and create sourcing rules, as part of the blanket purchase agreement approval process. However, on clicking the Approve button, the buyer does not see any option to update and create blanket purchase sourcing rules.
Which profile option has the buyer failed to set up?
- PO: Automatic Document Sourcing
- MRP: Default Sourcing Assignment Set
- PO: Allow Auto-generate Sourcing Rules
- PO: Allow Autocreation of Oracle Sourcing Documents
Correct answer: C
Question 9
When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies. (Choose three.)
- entering suppliers twice
- issuing specific invoices
- generating inaccurate returns
- generating inaccurate receipts
- generating accurate supplier reports
- issuing more payments than necessary
- issuing more purchase orders than necessary
Correct answer: AFG
Question 10
Your customer wants to convert both RFQs and Quotations to have tracking for Small Business Audit trail. The volume for Quotations is very high and only Approved RFQs and Quotations are being converted. What would you recommend as the best conversion strategy for RFQs and Quotations?
- Data Load both RFQs and Quotations.
- Manually enter both RFQs and Quotations.
- Manually enter RFQs, and Data Load Quotations.
- Use the Purchase Documents Open Interface for both RFQs and Quotations.
- Use the Purchase Documents Open Interface for RFQs and Data Load Quotations,
- Manually enter RFQs, and use the Purchase Documents Open Interface for the loading of Quotations.
Correct answer: F
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