Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-520
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-520.html

Oracle EBS R12.1 Purchasing Essentials

Question No: 31 – (Topic 1)

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

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

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

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

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

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

    Answer: B,C,E

    Question No: 32 – (Topic 1)

    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 .

      1. EDI

      2. XML

      3. Email

      4. Facsimile

      5. Direct interface

Answer: C

Question No: 33 – (Topic 1)

A Blanket Purchase Agreement Is created with the following cumulative price break:

Quantity gt; 0: Unit Price = $5 Quantity gt; 20: Unit Price = $4

Single line, single distribution releases are created as follows:

Release# 1 with quantity 15

Release# 2 with quantity 10

What are the unit price values on the releases?

  1. Release1 $5, Release2 $5

  2. Release1 $4, Release2 $4

  3. Release1 $5, Release2 $4

  4. It depends on the price tolerance for the line.

  5. Release1 $5, Release2 $4 for a quantity of 5 and $5 for a quantity of 5

Answer: C

Question No: 34 – (Topic 1)

You match an unordered receipt to .

  1. a purchase order shipment from any organization

  2. a Return Material Authorization (RMA. from any organization

  3. a purchase order shipment from the same organization for any supplier

  4. a purchase release shipment from the same organization for the same supplier

  5. a finally closed purchase order shipment from the same organization for the same supplier

Answer: D

Question No: 35 – (Topic 1)

Which four sources of information default records Into the Supplier Header? (Choose four.)

  1. Invoice Options

  2. System Options

  3. Financial Options

  4. Payables Options

  5. Receiving Options

  6. Purchasing Options

  7. Approved supplier list

Answer: C,D,E,F

Question No: 36 – (Topic 1)

While implementing Oracle Payables, Oracle Purchasing, and Oracle General Ledger at GLO Ltd., you are informed by the accountant that the AP Clearing Account balance Is Increasing daily. To solve this issue, what would you check in the accounting process?

  1. whether journals are posted regularly

  2. whether suppliers are sequentially numbered

  3. whether the month-end accrual process is run

  4. whether invoices are matched to purchase orders and receipts

  5. whether Oracle Payables transactions are reconciled with Oracle General Ledger

Answer: D

Question No: 37 – (Topic 1)

Consider the following scenario for inventory item A:

  1. Standard Cost $10 Purchase Order Line Price: $12, Purchase Order Line Quantity: 10

  2. Receipt Routing: Direct Delivery

You created a receipt of 8 units for item A. Which option correctly describes the effect on different accounts?

  1. Debit Material Account $80; Credit Inventory AP Accrual Account $96; Debit Invoice Price Variance Account $16; No effect on Purchase Price Variance Account

  2. Debit Material Account $80; Credit Inventory AP Accrual Account $96; No effect on

    Invoice Price Variance Account; Debit Purchase Price Variance Account $16

  3. Debit Material Account $80; Credit Inventory AP Accrual Account $80; No effect on Invoice Price Variance Account; Debit Purchase Price Variance Account $16

  4. Credit Material Account $80; Debit Inventory AP Accrual Account $96; No effect on Invoice Price Variance Account; Credit Purchase Price Variance Account $16

  5. Debit Material Account $96; Credit Inventory AP Accrual Account $96; No effect on Invoice Price Variance Account; Credit Purchase Price Variance Account $16

Answer: B

Question No: 38 – (Topic 1)

Which three are valid setup options for purchasing document types? (Choose three.)

  1. Archive On

  2. Forward Method

  3. Default Hierarchy

  4. Security Access Level

  5. Can Change Hierarchy

  6. Owner Cannot Approve

Answer: A,B,C

Question No: 39 – (Topic 1)

Consider the following scenario for Inventory Item B.

  1. Standard Cost: $10

  2. Purchase Order Line Quantity: 100; Purchase Order Line Price: $12

  3. Match Approval Level: Three-Way Matching; Receipt Routing: Direct Delivery

  4. Received Quantity: 40

  5. Invoice Price: $14; Invoiced Quantity: 20

Which option describes the effect on different accounts correctly?

  1. Debit Material Account $480; Credit Inventory AP Accrual Account $240; Debit Invoice

    Price Variance Account $40; Debit Purchase Price Variance Account $0; Credit AP Liability Account $280

  2. Debit Material Account $400; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $80; Credit AP Liability Account $280

  3. Debit Material Account $400 ; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $80; Debit Purchase price Variance Account $40; Credit AP Liability Account $280

  4. Credit Material Account $400; Debit Inventory AP Accrual Account $240; Credit Invoice Price Variance Account $40; Credit Purchase Price Variance Account $80; Debit AP Liability Account $280

Answer: B

Question No: 40 – (Topic 1)

Identify four ways in which sourcing rules significantly improve efficiency of procurement processes. (Choose four.)

  1. Allowing you to transfer from one supplier site to the other, if It is a global supplier.

  2. Assigning sourcing rules at the item or item-organization level using an assignment set.

  3. Giving you the ability to identify the priority to be given to the local sites of a global supplier.

  4. Sourcing the highest percentage of an item from only those suppliers who ranked the highest.

  5. Allowing you to identify the most efficient shipping method to be used for a specific sourcing rule,

  6. Automatically allocating planned orders across different suppliers based on predetermined criteria such as rank and percentage.

  7. Allowing the implementer to define a single sourcing rule for an item at the Item Master level, to cater to all inventory organizations.

Answer: B,C,E,F

100% Ensurepass Free Download!
Download Free Demo:1z0-520 Demo PDF
100% Ensurepass Free Guaranteed!
Download 2018 EnsurePass 1z0-520 Full Exam PDF and VCE

EnsurePass ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No