1Z0-520 Online Practice Questions and Answers

Which four are supported by the Receiving Open Interface (ROI)? (Choose four.)

A. Unordered receipt

B. Dynamic locators

C. Deliver transactions

D. Movement statistics

E. Correct transactions

F. Receive transactions

G. Transfer transactions

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 write-offs. > 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.

ACME is implementing Inventory in a Process Manufacturing environment. The default profile for the Min-Max Planning Report is deployed. What will be the result?

A. Requisitions will be preapproved.

B. Users must approve requisitions for items that have a limited shelf life.

C. Users must approve requisitions for items with a Material Safety Data Sheet (MSDS).

D. Users must approve requisitions that are inside the items Past Due Supply time fence.

E. Users must approve requisitions when the quantity exceeds the item's Economic Order Quantity (EOQ).

Which two statements are true about setting up an Approved Supplier List? (Choose two.)

A. An Approved Supplier List is used only for items and not for services.

B. A Global Agreement cannot be set up as a source document for a requisition.

C. A blanket purchase agreement cannot be set up as a source for an item in a purchase order line.

D. You can get the price breaks to default to a requisition from a quotation or a blanket purchase agreement.

E. You do not need to set the profile option PO: Automatic Document Sourcing to Yes, in order to get the source document information for a service (as opposed to an inventory item).

Your client requires Org A to supply Org B with inventory on a need basis. The Internal Order flag is checked. An internal requisition has been created and approved. What type of receipt would Org B have to perform to receive the goods?

A. RMA receipt

B. Inter-Org Transfer

C. Account Alias receipt

D. Purchase Order receipt

E. Receipt by Shipment Number

An item has its Lot Control attribute set to Full Control. The Active material status does not have any transaction types related to lot control enabled for material status control. This status is assigned to all lot numbers associated with the item. The subinventory where the item's lot numbers are all located also has the Active material status. How will the application respond when a user tries to submit a subinventory transfer transaction?

A. The transaction will be accepted.

B. An error message will be generated.

C. The transaction will be accepted, but will be registered as a transfer to and from the same subinventory.

D. The transaction will be accepted, but the item cost update will have to be processed separately by the user.

Which data is received by Oracle Bill of Materials from Oracle Inventory?

A. ATP supply only

B. item information only

C. on-hand quantity only

D. item information and units of measure

E. units of measure and on-hand quantity

A Quotation may be verbal or written. When a supplier responds to an RFQ, their quoted information needs to be recorded in the system. Which are the documented methods of loading the supplier quote into the system?

A. SQL *Loader Script, Manual, and e-Commerce Gateway

B. Manual load, and using the Purchasing Documents Open Interface

C. Spreadsheet Loader, Purchasing Documents Open Interface, and Manual load

D. Using Copy Documents window to create the quotation directly from the RFQ, Manual load, and Data Loader.

E. Data Loader, Manual load, Purchasing Documents Open Interface, and using Copy Documents window to create the quotation directly from the RFQ.

F. SQL *Loader Script into the Purchasing Documents Open Interface, Manual load, using Copy Documents window to create the quotation directly from the RFQ, and e-Commerce Gateway.

During the cutover phase of a project to implement Oracle E-Business Suite release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.

Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversation.

A. Define value Sets and assign them to Segments.

B. Define Segments in the Accounting Flexfield structure.

C. Qualify one of the Segments as the Balancing Segment.

D. The Key Flexfield Segments have to be enabled and displayed.

E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

The Copy Lot Attributes checkbox is enabled at the organization item level. Which two statements are true? (Choose two.)

A. This feature is specific to child lots.

B. This feature is specific to parent lots.

C. Lot attributes are copied between child lots.

D. Parent lot inherits the lot attributes of the child.

E. Child lots inherit the attributes of the parent lot.

F. Lot attributes are copied from parent to parent lot.

G. The feature is applicable to both child and parent lots.

H. Lot attributes are copied from the child to the parent lot.