10 Tips For Renewal 1Z0-520 practice test

Q1. Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite Release 12. (Choose four.) 

A. Automate business processes. 

B. Generate account code combinations. 

C. Approve standard business documents 

D. Send notifications using Advanced Queuing. 

E. Generate inventory item numbers using item generator workflow. 

F. Integrate with third party business systems that are not on a company network. 

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Q2. You and your client determined that forecasting methods included with inventory will be sufficient to meet the client's needs. You and the customer have decided to use Focus Forecasting to begin with and move to Exponential Smoothing after one year. Along the way, your customer noticed some definite trends in demand and has requested your help to re-evaluate the forecasting method. 

What do you recommend as a forecasting method? What additional information is needed, if any? 

A. Focus Forecasting 

B. Exponential Smoothing 

C. Exponential Smoothing with Trend Enhanced Forecasting, Alpha and Beta Coefficients 

D. Exponential Smoothing with Season Enhanced Forecasting, Alpha and Beta Coefficients 

E. Exponential Smoothing with Season Enhanced Forecasting, Alpha and Gamma Coefficients 

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Q3. A supplier is not required on a . 

A. Invoice 

B. Receipt 

C. Quotation 

D. Requisition 

E. Purchase Order 

F. Request For Quotation 

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Q4. 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? 

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

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

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

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

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

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Q5. ABC Corp. has determined Its Accounting Key Flexfield structure for the implementation of Oracle E-Buslness Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account, and Product. 

They have the following requirements: 

1) The Department values should be based on the Business Units. 

2) They want to produce a quarterly Balance Sheet for each Company. 

Which three statements are true? (Choose three.) 

A. The Product Value Set is dependent on the Accounts. 

B. The Business Unit Value Set is defined as Independent. 

C. The Account Segment has a Value Set with no Validation. 

D. The Company Segment is qualified as the Balancing Segment. 

E. The Department Segment is qualified as an Intercompany Segment. 

F. Cross-validation rules are required to enforce dependency of Departments on the Business Units 

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Q6. What are the prerequisites for performing an accurate ABC Compile for inventory items using the Current on-hand value as the compile criterion? 

A. items costed only 

B. items with on-hand quantity only 

C. either items with on-hand quantity or items costed 

D. Both items with on-hand quantity and items costed 

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Q7. For the profile option TP: INV Cycle Count Entries form to Background processing, what are the system requirements for it to be effective? (Choose two.) 

A. The Receiving Transaction manager must be active. 

B. The Cost Manager interface manager must be active. 

C. The Move Transaction interface manager must be active. 

D. The Material Transaction interface manager must be active. 

E. The Lot Move Transaction interface manager must be active. 

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Q8. Select three true statements about inventory reservations. (Choose three.) 

A. A reservation is a link between a supply source and a demand source. 

B. For on-hand inventory supply, there is only one type of reservation called high-level reservation. 

C. For on-hand inventory supply, there is only one type of reservation called low-level reservation. 

D. Reservations can be created only by Oracle applications or via forms. They cannot be imported from third-party applications. 

E. A reservation creates a permanent data link between a supply source and a demand source, and represents a guaranteed allotment of material to a specified demand source. 

F. Item reservations prevent the allocation of material you previously set aside for a sales order, account, account alias, inventory allotment, user-defined source, process batch components or, Oracle Complex Maintenance and Repair Overhaul work order components. 

G. Item reservations allow the allocation of material you previously set aside for a sales order, account, account alias, inventory allotment, user-defined source, process batch components or, Oracle Complex Maintenance and Repair Overhaul work order components as long as the quantity is not negative. 

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Q9. Bonus Inc. implemented the ERS functionality in Oracle Purchasing. The Pay on Receipt process is run nightly. The Summary level is set to Pay Site at the supplier site and the Match Approval option on PO shipment is set to Four-Way. Purchase order #001 of 150 units at a unit price of $1 was received in total as Receipt #R-PO001, but not yet inspected and delivered. On the same day, from Purchase Order #002 of 100 units (at a unit price of $1), 50 units was initially received as Receipt #R-PO002, inspected, and delivered. Both purchase orders have the same item, supplier, and supplier sites. What would the Pay on Receipt process generate for these transactions? 

A. a $50 invoice 

B. a $250 invoice 

C. a $150 invoice and a $50 invoice 

D. a $200 invoice with invoice validation on hold 

E. a $250 invoice with invoice validation for $50 on hold 

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Q10. 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 

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