1Z0-520 Online Practice Questions and Answers

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?

A. PO: Automatic Document Sourcing

B. MRP: Default Sourcing Assignment Set

C. PO: Allow Auto-generate Sourcing Rules

D. PO: Allow Autocreation of Oracle Sourcing Documents

Select three statements that are true regarding the clearing account. (Choose three.)

A. An asset clearing account can also be used as a project clearing account.

B. You can have a maximum of one asset clearing account per asset category.

C. For each payables document you create, you can have a separate cash clearing account.

D. You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.

E. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.

Your client has the following requirements for electronic delivery of purchasing documents to indirect spend vendors:

1.

No third-party software should be needed; the built-in Oracle functionality should be used.

2.

No special supplier set up should be required; the supplier should need minimal resources to participate.

3.

No requirement for audit trail or confirmation. The best method within standard functionality is _____.

A. EDI

B. XML

C. Email

D. Facsimile

E. Direct interface

The Direct Forward method routes documents _____.

A. to the person with the highest approval authority

B. to the position with the highest approval authority

C. to the employee's supervisor, regardless of whether that person has the authority to approve

D. to the next employee in the hierarchy who has the requisite approval authority to approve the document

E. to the next position that has approval authority, regardless of whether it has the requisite authority to approve

Some move orders are pre-approved requests for subinventory transfers that bring material from a source location to a staging subinventory within the organization. Identify the correct move order type.

A. Shipping move orders

B. Pick wave move order

C. Move order requisitions

D. Replenishment move orders

E. Automatic move order requisitions

Your client's department administrative assistant (only) is allowed to self-approve the office supplies

requisitions up to $5,000.00. For all other types of requisitions, there is no approval authority.

The company's location is Ann Arbor.

The purchasing category for office supplies is Office.Supplies.

The chart of accounts follows this format: Company.Business Group.Cost Center.Account.Future.

Your client's company account code is "01," business group is "100," cost center (or department) is "560,"

the account for office supplies is "67549," and the future segment is always "000000."

Which approval group setup would enable this restrictive purchasing practice?

A. Document Total: Amount Limit = $5,000.00Location: Amount Limit = $5,000 and Location = Ann ArborCategory Range: Amount Limit = $10,000Category Range: From x.Supplies To: Office.Supplies

B. Document Total: Amount Limit = $0.00Account Range: Amount Limit = $5,000.Account Range: From:

01.100.560. 67549.000000 To 01.100.560. 67549.000000Category Range: Amount Limit =

$5,000Category Range: From Office.Supplies To: Office.Supplies

C. Document Total: Amount Limit = $0.00Account Range: Amount Limit = $5,000Account Range: From:

01.100.560. 67549.000000 To: 01.100.560. 67549.000000Category Range: Amount Limit =

$5,000Category Range: From:

Office.Supplies To: Office.SuppliesRequisition Document Type setup = 'Owner can Approve'

D. Document Total: Amount Limit = $0.00Account Range: Amount Limit = $5,000Account Range: From:

01.100.560. 00000.000000 To: 01.100.560. 99999.000000Location: Amount Limit = $5,000 and Location = Ann Arbor

E. Set the Document Total object to include an amount limit of $5,000.00Set the Account Range object to include an amount limit of $5,000 and account range from 01.100.560.00000.000000 to 01.100.560.99999.000000.Set the Account Range object to include an amount limit of $5,000 and account range from 01.100.560.00000.000000 to 01.100.560.99999.000000.Set the Requisition Document Type setup to 'Owner can Approve'.

You need to set up a Material Review Board (MRB) subinventory for storing defective goods that are awaiting disposition. The management team does not want the material in the MRB subinventory to be considered by the Material Requirements Plan (MRP). Which is the key flag in the setup that instructs MRP not to account for the material in the MRB subinventory?

A. Nettable flag deselected

B. Planning flag deselected

C. Quantity Tracked flag selected

D. Allow Reservation flag deselected

E. Asset Subinventory flag deselected

Which are the two mandatory setup steps required during the creation of a new position hierarchy? (Choose two.)

A. Create a job.

B. Create and assign a buyer.

C. Assign a supervisor to all employees.

D. Enable Position Hierarchy in Financials Options.

E. Assign charge accounts for all employees in the position hierarchy.

F. Ensure subordinates match the employee-supervisor assignment in Human Resources.

You would set up the profile option INV: Item Master Flexfield _____.

A. for items from legacy system referenced in this field

B. in the initial setup on inventory for defaulting purpose

C. to capture the item descriptive information on this field

D. to indicate which flexfield is used to define items in MTL_SYSTEM_ITEMS

E. for first time setup of the item master flexfield to denote the key flexfield compiled

The Accrual Reconciliation report can be used to identify problems in receiving, purchasing, inventory, work in process, or accounts payable transactions.

Which three problems can this report be used to identify? (Choose three.)

A. payments made to the wrong invoices

B. mismatches in receipt and invoice quantities

C. invoices matched to the wrong purchase order

D. receipts made against the wrong purchase order E. sales tax and freight charged to the A/P Liability account

F. miscellaneous inventory or work in process transactions that used the Invoice Price Variance account in error