Oracle 1Z0-520 Online Practice Questions and Exam Preparation

Oracle 1Z0-520 Online Questions & Answers

• Question 71:

  In the Multi-Org model, which organization type is the highest level that impacts accounting?

  A. Ledger
  B. Operating Unit
  C. Business Group
  D. GRE/Legal Entity
  E. Inventory Organization
  A. Ledger

• Question 72:

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

• Question 73:

  During the cutover phase of a project to implement Oracle E-Business Suite release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.

  Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversation.

  A. Define value Sets and assign them to Segments.
  B. Define Segments in the Accounting Flexfield structure.
  C. Qualify one of the Segments as the Balancing Segment.
  D. The Key Flexfield Segments have to be enabled and displayed.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

• Question 74:

  Which four statements are true about subinventory transfer transactions for a Warehouse Management System (WMS) 璭nabled organization? (Choose four.)

  A. Inventory control is validated.
  B. A user-defined transaction type can be used.
  C. Storage Locator information is optional for a subinventory transfer.
  D. Storage Locator information is mandatory for a subinventory transfer.
  E. General Ledger account needs to be entered during subinventory transfer.
  F. Goods can be transferred across storage locators within the subinventory.
  G. Inventory value of an item is transferred from one inventory organization to another.
  A. Inventory control is validated.
  B. A user-defined transaction type can be used.
  D. Storage Locator information is mandatory for a subinventory transfer.
  F. Goods can be transferred across storage locators within the subinventory.

• Question 75:

  ACME is implementing Inventory in a make-to-order manufacturing environment, where there is on-hand inventory for 200 different motors. For these purchasable items, given the proper profile setup, Min-max can automatically create _____.

  A. an expense account
  B. an encumbrance account
  C. an invoice price variance account
  D. an inventory Accounts Payable accrual account
  E. records in the Purchase Order Requisition interface table
  E. records in the Purchase Order Requisition interface table

• Question 76:

  Which three fields can be set in the requisition preferences phase of the requisition life cycle? (Choose three.)

  A. Preparer
  B. Category
  C. Requestor
  D. Description
  E. Charge Account
  F. Destination Type
  G. Requisition Amount
  H. UOM (Unit of Measure)
  C. Requestor
  E. Charge Account
  F. Destination Type

• Question 77:

  Event Types in Subledger Accounting is a grouping of_________ .

  A. Events
  B. Accounts
  C. Event Models
  D. Event Entities
  E. Event Classes
  E. Event Classes

• Question 78:

  View the exhibit.

  

  While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination. What could be the problem in the structure of the Accounting Flexfield?

  A. The "Freeze Rollup Groups" check box is selected.
  B. The "Allow Dynamic Inserts" check box is deselected.
  C. The "Freeze Flexfield Definition" check box is selected.
  D. The "Cross-Validate Segments" check box is selected.
  B. The "Allow Dynamic Inserts" check box is deselected.

• Question 79:

  Identify three features of Key Flexfields. (Choose three.)

  A. Key Flexfields are used identifiers for entitles.
  B. The Key Flexfield structure comprises Segments.
  C. A Key Flexfield structure consists of multiple code combinations.
  D. Key Flexfields appear as a single-space field enclosed in brackets.
  E. Each segment of a Key Flexfield usually contains meaningful information
  A. Key Flexfields are used identifiers for entitles.
  B. The Key Flexfield structure comprises Segments.
  E. Each segment of a Key Flexfield usually contains meaningful information

• Question 80:

  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?

  A. 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
  B. 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
  C. 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
  D. 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
  B. 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