Oracle 1Z0-521 Online Practice Questions and Exam Preparation

Oracle 1Z0-521 Online Questions & Answers

• Question 51:

  During the cutover phase of a project to implement Oracle E-Business suit 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 accounting key Flexfield structure that is required to perform conversion.

  A. Define value sets and assign them to segments.
  B. Define segments in the accounting Flexfield structure.
  C. Qualify one of segments as a balancing segment.
  D. The key Flexfield segments have to be enabled and displayed.
  E. Select the "Allow Dynamic inserts" check box in accounting key Flexfield Structure
  E. Select the "Allow Dynamic inserts" check box in accounting key Flexfield Structure

• Question 52:

  Company X has three operating units: A, B, and C, each operating unit has a MO: Security Access profile option and MO: default operating unit profile option assigned to it.

  Which statement is true?

  A. Paul can create transactions for the A, B, and C operating units
  B. All transactions created by Paul are automatically assigned to operating unit A.
  C. Paul can report on data across A, B, and C operating units, but enter transactions only against A.
  D. The profile option did not include operating unit B and operating unit C due to any error by the system administrator.
  E. They payables responsibility is linked to operating unit A by the MO: operating unit profile option and can create transactions for the operating unit alone.
  A. Paul can create transactions for the A, B, and C operating units

• Question 53:

  You are a consultant to a company that manufactures and distributes parts for machines. Some of the company's customers are wholesalers and others are the general public. The company has a supply agreement with some of the wholesalers that it would fulfill 90 percent of their orders and other orders within 48 hours of the order placed.

  The company is running pick release and it is generating move orders. The company wants to have the orders flow through inventory, and do not want to manually transact the move orders.

  Which setting in the pick release rule needs to be changed?

  A. Default Pick Confirm set to No
  B. Default Pick Confirm set to Yes
  C. Default Autocreate Deliveries set to No
  D. Default Autocreate Deliveries set to Yes
  E. Associate a ship confirm with the pick release rule.
  B. Default Pick Confirm set to Yes

• Question 54:

  In a Multiple Organization Access Control-enabled environment you search for orders with the following criteria:

  1) The Operating Unit Field is Null 2) A specific value is entered for the Transaction type field

  Which statement best describes the above mentioned search criteria?

  A. It will find orders across all the operating units.
  B. The scenario is not a valid one considering the Release 12 functionality.
  C. It will find orders across all the operating units for which the specific transactions types have been defined.
  D. It will find orders across all operating units, which are accessible under the responsibility used by the application users.
  E. It will find orders across all the operating units, which are accessible under the responsibility used also across all the accessible operating units for which the specific transaction type has been set up.
  E. It will find orders across all the operating units, which are accessible under the responsibility used also across all the accessible operating units for which the specific transaction type has been set up.

• Question 55:

  The item sub inventory report output contains _______. (Choose three)

  A. EOQ
  B. Source type
  C. Locator control
  D. Focus forecast
  E. Fixed Lot multiple
  F. Min-max information
  B. Source type
  E. Fixed Lot multiple
  F. Min-max information

• Question 56:

  Identify three correct statements regarding the revenue recognition feature. (Choose three)

  A. Back-to-back orders are contingencies that OM supports in the context of revenue recognition.
  B. COGS can be recorded on the invoice line, whereas revenue can be recorded in the shipped line.
  C. Customer acceptance is the only contingency that OM supports in the context of revenue recognition.
  D. As revenue is recognized, a corresponding percentage of deferred COGS may not move to real COGS.
  E. Deferred revenue and COGS accounting can be very successfully used as solution for ATO/PTO matching problem
  F. Revenue recognition depends on and interacts with inventory, Costing, account receivables, OM, and shipping execution
  C. Customer acceptance is the only contingency that OM supports in the context of revenue recognition.
  E. Deferred revenue and COGS accounting can be very successfully used as solution for ATO/PTO matching problem
  F. Revenue recognition depends on and interacts with inventory, Costing, account receivables, OM, and shipping execution

• Question 57:

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

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

• Question 58:

  ACME uses deliveries to consolidate shipments going to the same customer and have been informed that Business World has several orders with ACME for its Ship To location of SANJOS.

  All the lines are to be assigned to the same delivery.

  Which three strategies would meet this requirement? (Choose three.)

  A. Run Pick Release by customer.
  B. Run the Process Deliveries SRS program.
  C. Assign the same Ship Method to all Order Lines.
  D. Run the Consolidate Order Lines concurrent program.
  E. When running Pick Release, ensure that the Delivery criteria Autopack is set to No.
  F. Query in the Shipping Transaction menu for all orders for Business World, and assign them to the same delivery.
  G. Run Pick Release not specifying the customer, and set Autocreate Delivery to No; then assign the lines to a Delivery later.
  A. Run Pick Release by customer.
  F. Query in the Shipping Transaction menu for all orders for Business World, and assign them to the same delivery.
  G. Run Pick Release not specifying the customer, and set Autocreate Delivery to No; then assign the lines to a Delivery later.

• Question 59:

  Identify three correct statements regarding the Credit Card Encryption feature. (Choose three)

  A. Credit Card Type is displayed as Card Brand.
  B. The entire card information is stored at the order-line level.
  C. Oracle Payments is the single repository for multiple payment mode information access applications modules.
  D. Oracle payment is the single repository for multiple payment mode information access set up options.
  E. The main idea behind the credit card security code and credit encryption is the make the credit card and bank account information more centralized across the application and hence more secure.
  A. Credit Card Type is displayed as Card Brand.
  C. Oracle Payments is the single repository for multiple payment mode information access applications modules.
  E. The main idea behind the credit card security code and credit encryption is the make the credit card and bank account information more centralized across the application and hence more secure.

• Question 60:

  You receive request to create a new responsibility for US payable manager. The request states that the new responsibility should have access to all menu items except invoice payments.

  Identify two options that you would use to restrict the invoice payments option on new US payables manager responsibility. (Choose two)

  A. Remove the request group from the new US payable manager responsibility.
  B. Create a menu Exclusion for invoice payments on US payable manager responsibility.
  C. Create Item exclusion for invoice payments on US payable manager responsibility.
  D. Create a security attribute for invoice payments on US payable manager responsibility.
  E. Create a new menu excluding the invoice payments on US payable manager responsibility.
  B. Create a menu Exclusion for invoice payments on US payable manager responsibility.
  E. Create a new menu excluding the invoice payments on US payable manager responsibility.