Free Oracle 1Z0-520 Practice Test & Real Exam Questions, Page 1

Question #1

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. Asset assignment

B. AutoCreate Purchase Orders

C. Organization creation

D. Approvals

E. Journal Entry creation

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #2

In the Descriptive Flexfield (DFF. implementation, the purpose of the "Synchronize check box is to synchronize_____.

A. the DFF Value Sets with the Reference field

B. the DFF Contexts with the Reference field

C. the DFF Values with the Reference field

D. the DFF Attributes with the Reference field

E. the DFF Segments with the Reference field

Discussion 0

Correct Answer: B Vote an answer

Question #3

Which setup profile option allows you to send a report directly to a browser window?

A. Concurrent: Report Copies

B. Concurrent Report: Access Level

C. Flexfields: Open Key Window

D. Viewer: Text

Discussion 0

Correct Answer: D Vote an answer

Question #4

Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

A. supports multiple language installations of Oracle Applications

B. procures from one Legal Entity and receives in another

C. supports any number of business units within a single installation

D. secures user access to data

E. supports fixed asset management

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #5

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

A. Review the timeliness of supplier deliveries.

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

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

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

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

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #6

Which profile option controls whether a flexfield window automatically opens when you navigate to a customized descriptive flexfield?

A. Flexfields: Shorthand Entry

B. Flexfields: Open Key Window

C. Flexfields: Open List of Values

D. Flexfields: Open Descr Window

E. Flexfields: Open Description Field

Discussion 0

Correct Answer: D Vote an answer

Question #7

A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI 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 BGI: $500,000
3) Controller in BG2: $200,000
Which two options represent a valid and efficient approval process? (Choose two.)

A. 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.

B. An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it.

C. The buyer hi BGI 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 BGI who approves it.

D. 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.

E. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 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.

F. The shop floor supervisor in BGI 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 BGI for a final approval.

Discussion 0

Correct Answer: C,E Vote an answer

Question #8

If you have Purchasing as the only installed application, in which two tabs in the Financial Options window are you required to enter information? (Choose two.)

A. Human Resources

B. Tax

C. Encumbrance

D. Accounting

E. Supplier-Purchasing

Discussion 0

Correct Answer: D,E Vote an answer

Question #9

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

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

B. 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).

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

Discussion 0

Correct Answer: C,D Vote an answer

Question #10

You have logged in to the Oracle E-Business Suite Release 12 instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content.
Identify three things that can happen after you return to your worklist. (Choose three.)

A. You can view the first notification by choosing the "FYI Notifications" view from your worklist.

B. Status of the first notification has been updated to "Delete."

C. You can view the first notification by choosing the "All Notifications" view from your worklist.

D. Status of the first notification has been updated to "Closed."

E. You see four notifications in your worklist.

F. You see three notifications in your worklist.

Discussion 0

Correct Answer: C,D,F Vote an answer

Question #11

Identify the sequence of steps to determine the Descriptive Flexfield name on a form in Oracle E- Business Suite Release 12 with Diagnostics enabled.
1) Select Help > Diagnostics > Examine.
2) The username of the DFF appears in the Value field.
3) Select the DFF name from the list of values in the "Field" field.
4) Select the "$DESCRIPTIVE_FUEXFIELD$B value for the Block name.

A. 4, 3, 1, 2

B. 1 4, 3, 2

C. 1, 3, 4, 2

D. 1, 2, 3, 4

Discussion 0

Correct Answer: B Vote an answer

Question #12

The functional currency of Company X is USD. Company X placed a purchase order on supplier Y on
01-SEP-2007, for one unit of item A at a unit price of Euro 80. According to the exchange rate on
01-SEP-2007, Euro 80 = USD 100.
Goods are received on 05-OCT-2007. Due to exchange rate changes, at this time Euro 80 is now equivalent to USD 105.
The standard cost of the item is USD 75.
Freight charge = USD 10.
Handing charge = USD 5.
The Purchase Price variance for this transaction is_________.

A. USD 40

B. USD 30

C. USD 35

D. USD 45

E. USD 50

F. USD 25

Discussion 0

Correct Answer: B Vote an answer

Question #13

Daily Business Intelligence pages provide summarized content for a particular functional area. Identify three features that the pages contain. (Choose three.)

A. Parameters

B. Regions

C. Key Performance Indicators (KPIs)

D. Responsibilities

E. Reports

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #14

Which four are true about the Future Periods field in the Financials Options window? (Choose four.)

A. You can import/enter invoices in future periods but you cannot pay or create accounting entries for them.

B. The first time you enter this field, Payables defaults the number of future periods you use in your Ledger as a default.

C. You can import/enter invoices in future periods, pay and create accounting entries for them.

D. After you change the status of a future period to Open, you can change it back to Future only if you did not create any transactions in that period.

E. Payables uses this value to limit the number of future periods you can maintain in the Control Payables Periods window.

F. You cannot import or enter invoices in a future period.

G. You can change this number to the maximum number of future periods you want to allow in Payables.

Discussion 0

Correct Answer: A,B,E,G Vote an answer

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