1Z0-520 Online Practice Questions and Answers

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.

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

You are the Human Resources load for the ERP implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

A. Approvals

B. Asset assignment

C. Organization creation

D. Journal Entry creation

E. AutoCreate Purchase Orders

Identify three valid processes or steps in implementing approved supplier lists and sourcing rules. (Choose three.)

A. Review the timeliness of supplier deliveries.

B. Map business requirements for reports using standard Oracle reports.

C. Define the item attribute "Use Approved Supplier" for relevant items in the item master.

D. Establish sourcing rules while converting source documents from legacy systems into Oracle.

E. Match the supplier site information for every item on an approved supplier list to the supplier header information on a sourcing rule.

The Account Alias Name flexfield cannot exceed _____ characters.

A. 20

B. 15

C. 25

D. 30

E. 45

F. 180

Company X is a global company with operations in three regions: North America, Europe, and Asia. Each region has a separate business group, and one legal entity attached to each business group. North America has two operating units (OU) and the other two regions (Europe and Asia) have one OU each. Identify two correct statements regarding purchasing document approval and routing processes. (Choose two.)

A. All three regions must share the same approval hierarchy.

B. North America can have two sets of Approval Groups, one for each OU.

C. North America can have only one set of Approval Groups to share across each OU.

D. Each region can have a different type of hierarchy: Employee/Supervisor or Position Hierarchy.

E. Each region can have a different approval hierarchy, but all three regions must use the same type of hierarchy: Employee/Supervisor or Position Hierarchy.

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

You received 100 units of item A on Monday. On Tuesday, you discovered that three units are missing from the shipment. You entered a correction to adjust the quantity received to 97. On Wednesday, you found two units damaged and you created a Return To Supplier transaction. The profile option PO: ERS Aging Period is set to 3 days. What is true if the Payment on Receipt process is run on Friday?

A. The process will generate an invoice for 95 units.

B. The process will generate an invoice for 97 units and a debit memo for 2 units.

C. The process will generate an invoice for 97 units. Then you will have to manually create a debit memo for 2 units.

D. The Return To Supplier transaction already created a debit memo. The Payment on Receipt process will generate an invoice for 97 units.

E. The process will generate an invoice for 100 units. Then you will have to manually adjust the invoice for 3 units and create a debit memo for 2 units.

ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive Flexfield to store

vehicle information associated with the asset category "Vehicle".

Identify three correct statements. (Choose three.)

A. The Descriptive Flexfield is called an "intelligent key structure".

B. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.

C. The Descriptive Flexfield for the asset category "Vehicle" appears as a normal field on a form.

D. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.

E. You can define cross validation rules to control the allowable combinations of segment values for the Accounting Flexfield.

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.