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Question 1:

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

Correct Answer: ACD


Question 2:

Identify the correct sequence of steps in the Procure to Pay period dose process.

A. 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.

B. 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

C. 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.

D. 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.

E. 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 3:

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.)

A. You do not need to create a local ASL if you create a Global ASL

B. Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.

C. You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.

D. The country of origin must be entered in the ASL, or it would not be available on the purchasing document.

E. 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 4:

An approved supplier list (ASL) is being defined in a multiorganization environment. Which two statements are valid? (Choose two.)

A. Setting up a Global ASL is mandatory.

B. If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.

C. The supplier for an item-supplier association must be global, while the supplier site can be local.

D. 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 5:

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

Correct Answer: C


Question 6:

A medium-sized multinational company based in US has two business groups (BG), BG1 (for US) and BG2 (for Europe), with position approval hierarchies H1 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 BG1: $500,000

3) Controller in BG2: $200,000

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

A. An employee in BG2 raises a requisition for $5000. This is verified by the employee\’s manager and forwarded to the group Controller in BG1 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 BG1 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 BG1 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 BG1 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 BG1 for a final approval.

F. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in BG2 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.

Correct Answer: CF


Question 7:

When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies. (Choose three.)

A. entering suppliers twice

B. issuing specific invoices

C. generating inaccurate returns

D. generating inaccurate receipts

E. generating accurate supplier reports

F. issuing more payments than necessary

G. issuing more purchase orders than necessary

Correct Answer: AFG


Question 8:

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?

A. Data Load both RFQs and Quotations.

B. Manually enter both RFQs and Quotations.

C. Manually enter RFQs, and Data Load Quotations.

D. Use the Purchase Documents Open Interface for both RFQs and Quotations.

E. Use the Purchase Documents Open Interface for RFQs and Data Load Quotations,

F. Manually enter RFQs, and use the Purchase Documents Open Interface for the loading of Quotations.

Correct Answer: F


Question 9:

Your company often orders Items that are sourced from multiple suppliers. At any given time, the supplier varies depending on the supplier\’s current production capability and price offering. The price varies throughout the year. For a particular

item, there is no single supplier that receives the majority of the orders.

What is the best way to set up this item?

A. Create blanket purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.

B. Create contract purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.

C. Do not create blanket or contract purchase agreements or sourcing rules. Manually AutoCreate requisitions onto standard purchase orders.

D. Create a blanket purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.

E. Create a contract purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.

Correct Answer: C


Question 10:

The following transactions occurred at BUY Co., where you implemented the ERS functionality in Oracle Purchasing:

Purchase order unit price: $10

Receipt #1001: 150 units (gross of 50 units returned at the time of receiving)

Receipt #1002: 250 units

The Pay on Receipt process is run nightly, with the summary level set to Pay Site at the supplier site. The aging period is 0.

What would the Pay on Receipt process generate for these transactions?

A. a $3500 invoice

B. a $4000 invoice

C. a $50 invoice and a $2500 invoice

D. a $1500 invoice, a $2500 invoice, and a $50 debit memo

E. a $1000 invoice, a $2500 invoice, and a $50 debit memo

Correct Answer: A


Question 11:

You have been asked by the HR Manager to define Oracle Alert to show all employees terminated in the past six months. Identify three pieces of information that is required to define this Alert. (Choose three.)

A. actions that you want Alert to perform

B. frequency with which you want to run this Alert

C. a SQL statement that retrieves terminated employees

D. name of the concurrent program to be run after Alert runs

E. database table name, which stores employee Information to specify In the Event Details section

Correct Answer: ABC


Question 12:

Select three true statements regarding the Workflow Document Creation prerequisite (PO Create Documents workflow). (Choose three.)

A. Catalog quote must not be expired, but may be inactive.

B. Supplier and supplier site are required on the requisition related to a contract purchase order.

C. If a system Item is not associated with the requisition line, a supplier item number is required.

D. Sourcing rules are required If the requisition originates in Oracle Purchasing or {Procurement.

E. No source document is required for the PO Create Documents workflow to create a release or purchase order.

F. The only time an approved supplier list is required is if your source document is a blanket purchase agreement and you are using a system item.

Correct Answer: BCF


Question 13:

Consider the following setups:

1) Purchasing System Option enforce Full Lot Quantity * Mandatory

2) Rounding Factor at the item level = 75%

3) Unit of Issue at the item level = Dozen

Select two statements that are true. (Choose two.)

A. If the user enters 6 each on an internal requisition, the quantity will be rounded to 0,

B. If the user enters 6 each on a purchase requisition, the quantity will be rounded to 0,

C. If the user enters 11 each on an internal requisition, the quantity will be rounded to 12 each,

D. If the user enters 11 each on a purchase requisition, the quantity will be rounded to 12 each,

E. An advisory message suggesting rounding and a suggested rounding quantity are displayed, but you can override this.

Correct Answer: AC


Question 14:

Requisition Import groups all requisitions with the same group code under the same requisition header. If no group code is specified, requisition Import groups requisitions according to five types of groups that can be optionally passed to the Requisition Import process.

Identify them. (Choose five.)

A. Group by Item.

B. Group by price.

C. Group by buyer.

D. Group by UOM.

E. Group by location.

F. Group by supplier.

G. Group by description.

H. Group all requisition lines under one requisition header

Correct Answer: ACEFH


Question 15:

While defining Approval Groups, which three objects can you define authorization rules for? (Choose three.)

A. Buyer

B. Location

C. Commodity

D. Item Category

E. Account Range

F. Document Amount

Correct Answer: BDE


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