1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 4

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


Options are :

  • Both items with on-hand quantity and items costed (Correct)
  • either items with on-hand quantity or items costed
  • items with on-hand quantity only
  • items costed only

Answer : Both items with on-hand quantity and items costed

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?


Options are :

  • Financial Accounting Calendar
  • Chart of Accounts
  • Accounting Convention (Correct)
  • Ledger
  • Multi-Org Structure

Answer : Accounting Convention

Company X has three Operating Units: A, B, and C. Each Operating Unit has the MO: Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it. Which statement is true?


Options are :

  • The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
  • The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.
  • None
  • Ail transactions created by Paul are automatically assigned to the Operating Unit A
  • Paul can create transactions for the A, B, and C Operating Units. (Correct)
  • Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.

Answer : Paul can create transactions for the A, B, and C Operating Units.

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 5

Which  statements are true regarding partitioning of data by an application? 


Options are :

  • Accounts Receivable Is partitioned by Operating Unit.
  • Accounts Payable Is partitioned by Ledgers.
  • Fixed Assets are partitioned by Operating Unit.
  • General Ledger is partitioned by ledgers. (Correct)
  • Order Management Is partitioned by Inventory Organization.

Answer : General Ledger is partitioned by ledgers.

What are the  elements involved in submitting a concurrent request?


Options are :

  • selecting report language
  • defining a submission schedule
  • selecting the request or request set to be submitted
  • providing completion option (Correct)
  • selecting Operating Unit

Answer : providing completion option

You receive a request to create a new responsibility for US Payables Manager. The request states that the new responsibility should have access to all menu items except Invoice Payments. Identify  options that you would use to restrict the Invoice Payments option on the new US Payables Manager responsibility


Options are :

  • Remove the request group from the new US Payables Manager responsibility
  • Create a Menu Exclusion for Invoice Payments on the US Payables Manager responsibility. (Correct)
  • Create an Item Exclusion for Invoice Payments on the US Payables Manager responsibility.
  • Create a Security Attribute for Invoice Payments on the US Payables Manager responsibility.
  • Create a new menu excluding the Invoice Payments option and attach the new menu to the responsibility

Answer : Create a Menu Exclusion for Invoice Payments on the US Payables Manager responsibility.

Oracle 1Z0-976 Cloud Service Implementation Essentials Exam Set 3

Company ABC has a factory that is set up as an inventory organization with several sub inventories.    Each of the sub inventories has locators. The factory purchases material using a purchase order. The person who receives the purchase order does not know which sub inventory and locator the material needs to go to. ABC wants the sub inventory and locator to be automatically populated for that item. Which option would solve the problem?


Options are :

  • Use the Item Transactions Default form to create default sub inventory and locators for the purchased item. (Correct)
  • Populate the supply sub inventory and locator fields on the Item Master record for the purchased item.
  • Populate the completion subinventory and locator on the routing for that item.
  • Use the restrict sub inventory and restrict locator flag on the Item Master record of that item.

Answer : Use the Item Transactions Default form to create default sub inventory and locators for the purchased item.

Identify  correct statements related to Key Performance Indicators and the KPI region in Daily Business Intelligence


Options are :

  • is a strategic business factor that is used for reporting
  • organizes data into reporting hierarchies
  • can be of table format only
  • can be configured for each dashboard (Correct)
  • contains a unique set of graphical information on a dashboard

Answer : can be configured for each dashboard

Which three statements are true about modifying Flex field values?


Options are :

  • The effective dates for a value can be limited.
  • The values can be deleted after they are defined.
  • The value description can be changed (Correct)
  • The values cannot be disabled.
  • The values cannot be modified after they are defined

Answer : The value description can be changed

Oracle 1Z0-976 Cloud Service Implementation Essentials Exam Set 3

ACME is implementing Inventory in a Process Manufacturing environment. The default profile for the Min-Max Planning Report is deployed. What will be the result?


Options are :

  • Users must approve requisitions for items that have a limited shelf life.
  • Requisitions will be pre approved. (Correct)
  • Users must approve requisitions that are inside the items Past Due Supply time fence
  • Users must approve requisitions when the quantity exceeds the item's Economic Order Quantity (EOQ)
  • Users must approve requisitions for items with a Material Safety Data Sheet (MSDS).

Answer : Requisitions will be pre approved.

When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies


Options are :

  • issuing specific invoices
  • generating accurate supplier reports
  • generating inaccurate returns
  • issuing more purchase orders than necessary (Correct)
  • entering suppliers twice
  • generating inaccurate receipts
  • issuing more payments than necessary

Answer : issuing more purchase orders than necessary

OCP Oracle 12C Advanced Administration(1Z0-063) Set 1

Select the best business practice for a supplier that is being newly added to the Approved Supplier List.


Options are :

  • Allow PO Approval, Sourcing, Schedule Confirmation and Manufacturer Link
  • Allow PO Approval, Schedule Confirmation and Manufacturer Link but not Sourcing
  • Allow PO Approval, Sourcing and Manufacturer Link but not Schedule Confirmation (Correct)
  • Allow PO Approval, Sourcing and Schedule Confirmation but not Manufacturer Link

Answer : Allow PO Approval, Sourcing and Manufacturer Link but not Schedule Confirmation

An approved supplier list (ASL) is being defined in a multi organization environment, which two statements are valid? 


Options are :

  • The supplier for an item-supplier association must be global, while the supplier site can be local. (Correct)
  • Setting up a Global ASL is mandatory.
  • If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.
  • Company X has set up Planning would source planned orders. The approval status of the supplier can be set to New or Approved.

Answer : The supplier for an item-supplier association must be global, while the supplier site can be local.

When you enter a receipt; you first use the Find Expected Receipts window to locate the source document for the receipt. Select four valid source documents for a receipt


Options are :

  • An approved internal requisition line
  • An intransit shipment within your Inventory (Correct)
  • A shipment from a supplier based on a purchase order
  • A shipment from inventory backed by an internal safes order generated by an internal requisition
  • A return from a customer based on a return material authorization (RMA)
  • A move order from Inventory for material storage relocation

Answer : An intransit shipment within your Inventory

OCP Oracle Database 11g Administrator Certified Professional Set 2

Identify four ways in which sourcing rules significantly improve efficiency of procurement processes


Options are :

  • Allowing you to identify the most efficient shipping method to be used for a specific sourcing rule,
  • Allowing the implementer to define a single sourcing rule for an item at the Item Master level, to cater to all inventory organizations
  • Sourcing the highest percentage of an item from only those suppliers who ranked the highest.
  • Allowing you to transfer from one supplier site to the other, if It is a global supplier.
  • Giving you the ability to identify the priority to be given to the local sites of a global supplier.
  • Assigning sourcing rules at the item or item-organization level using an assignment set. (Correct)

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

Select three statements that are true regarding the clearing account.


Options are :

  • You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.
  • You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.
  • For each payables document you create, you can have a separate cash clearing account.
  • An asset clearing account can also be used as a project clearing account.
  • You can have a maximum of one asset clearing account per asset category. (Correct)

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

A Global Single Instance (GS1) provides the global enterprise with a single, complete data model, Identify three features In Oracle Business Suite Release 12 that support a 6SL 


Options are :

  • maintenance of third-party applications
  • automation of standardized documents and audit processes (Correct)
  • decentralization of operations by regions, divisions, or processes
  • consolidation of data centers and lowering administrative overhead
  • capture of statutory and customary local requirements In the same database

Answer : automation of standardized documents and audit processes

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 5

There are four tabbed regions In the Supplier Item Catalog window (Negotiated Sources, Prior Purchases, Sourcing Rules, and Requisition Templates), but function security can be used to determine whether a user will be able to see all of them. In release R12, where is the requisition setup option that determines which of the tabbed regions is the default?


Options are :

  • in the Document Types setup
  • in the Lookup Codes setup
  • in the Profile Options setup (Correct)
  • in the Purchasing Options setup

Answer : in the Profile Options setup

Company X is identifying the major aspects of its inventory organization structure and definitions. Which two actions or statements would be correct?


Options are :

  • You can control inventory organizations across different operating units from one responsibility but you cannot have ft default to one operating unit. The last used operating unit used before you tog off would default when you log in the next time
  • It can consider manufacturing facilities, warehouses, distribution centers, and branch offices, as well as other entities. (Correct)
  • An Inventory location can be an Office Site only If it Is also a registered office.
  • The financial impact of inventory parameters is limited to Purchase Price Variance and Intransit Account for Interorganization shipments and Transfer Credits for the sending organization.
  • It does not need a minimum of two inventory organizations in a master/child relationship, but it is a best practice to do so.

Answer : It can consider manufacturing facilities, warehouses, distribution centers, and branch offices, as well as other entities.

The buyer decides to automatically update and create sourcing rules, as part of the blanket purchase agreement approval process. However, on clicking the Approve button, the buyer does not see any option to update and create blanket purchase sourcing rules. Which profile option has the buyer failed to set up?


Options are :

  • MRP: Default Sourcing Assignment Set
  • PO: Allow Autocreation of Oracle Sourcing Documents
  • PO: Allow Auto-generate Sourcing Rules (Correct)
  • PO: Automatic Document Sourcing

Answer : PO: Allow Auto-generate Sourcing Rules

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 10

Identify the correct sequence of steps in the Procure to Pay period dose process


Options are :

  • Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in PO. > Post journal entries in GL > Reconcile PO activity for the period. > Close the AP period.
  • Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Post journal entries in GL > Reconcile AP activity for the period. > Close the PO period. (Correct)
  • Prepare for period close. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Close the PO period. > Post journal entries in GL
  • Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Reconcile AP activity for the period. > Post journal entries in GL > Close the PO period.
  • Prepare for period dose. > Run Validation/ Review and resolve holds. > Transfer and review. > Close the period in AP. > Create accounting. > Post journal entries in GL. > Reconcile AP activity for the period. > Close the PO period.

Answer : Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer and review. > Close the period in AP. > Post journal entries in GL > Reconcile AP activity for the period. > Close the PO period.

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 _____.


Options are :

  • XML
  • EDI
  • Facsimile
  • Email (Correct)

Answer : Email

The following transactions occurred at BUY Co., where you implemented the ERS functionality in
Oracle Purchasing:
Purchase order unit price: $10
Receipt #1001: 150 units (gross of 50 units returned at the time of receiving)
Receipt #1002: 250 units
The Pay on Receipt process is run nightly, with the summary level set to Pay Site at the supplysite. The aging period is 

What would the Pay on Receipt process generate for these transactions?






Options are :

  • a $50 invoice and a $2500 invoice
  • a $3500 invoice (Correct)
  • a $1500 invoice, a $2500 invoice, and a $50 debit memo
  • a $4000 invoice

Answer : a $3500 invoice

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 2

A global company uses Oracle E-Business Suite Release 12 for Its operations In the U.S. and Canada. The company Is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control. You set the MO: Operating Unit profile option at the ____level.


Options are :

  • Site
  • Responsibility (Correct)
  • User
  • Application

Answer : Responsibility

A multinational company is setting up the sourcing rules and approved supplier list (ASL) to source inventory items across different organizations. Which two statements are true?


Options are :

  • The country of origin must be entered in the ASL, or it would not be available on the purchasing document
  • Inventory organizations used in the sourcing rules must be set up in the Shipping Networks. (Correct)
  • A commodity can be assigned to a supplier at both the global level and at the local level, and the local level assignment takes precedence.
  • You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.
  • You do not need to create a local ASL if you create a Global ASL

Answer : Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.

There are several types of RFQ, Including Catalog RFQ, Standard RFQ, and Bid RFQ. There are only two classes of RFQ.Identify the two valid classes and their appropriate purposes

 


Options are :

  • Contract Class, which supports Total Dollars Agreed to
  • Standard Class, which supports Items
  • Category Class, which supports Supplier Catalogs
  • Bid Class, which supports Shipments (Correct)
  • Cost Class, which supports Bid Price Breaks
  • Planned Class, which supports Catalogs
  • Catalog Class, which supports Price Breaks

Answer : Bid Class, which supports Shipments

OCP Oracle Database 11g Administrator Certified Professional Set 3

ABC Corp, has the following Organization Structure
1) Legal Entity: A
2) Operating Units: B end C
3) Balancing Entitles: 10. 20. and 30
Identify  correct statement regarding the Balancing Entity.


Options are :

  • Balancing Entities can be secured at the Operating Unit level through Security Rules
  • Balancing Entitles can be automatically secured at the Legal Entity level.
  • Balancing Entity is the lowest postable unit in the Chart of Accounts.
  • There can be multiple Balancing Entitles within an Operating Unit (Correct)
  • Each Balancing Entity mutt balance within itself.

Answer : There can be multiple Balancing Entitles within an Operating Unit

Select three true statements about the default of sourcing Information for requisitions and purchase orders


Options are :

  • You must use the Transfer From assignment on a sourcing rule for Item Information to default onto an Internal requisition.
  • The item price on a requisition can be defaulted from the Item attribute setup. (Correct)
  • Buyer name cannot be defaulted onto a requisition, but you can assign notes to a buyer.
  • When you assign a commodity to an approved supplier list, you do not need to assign the individual items in the commodity.
  • You can modify the last name of the requester defaulting from the Human Resources employee record.

Answer : The item price on a requisition can be defaulted from the Item attribute setup.

A Blanket Purchase Agreement Is created with the following cumulative price break:
Quantity > 0: Unit Price = $5
Quantity > 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?


Options are :

  • Release1 $5, Release2 $4 (Correct)
  • Release1 $5, Release2 $4 for a quantity of 5 and $5 for a quantity of 5
  • Release1 $5, Release2 $5
  • Release1 $4, Release2 $4
  • It depends on the price tolerance for the line.

Answer : Release1 $5, Release2 $4

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 3

Your customer wants to convert both RFQs and Quotations to have tracking for Small Business Audit trail. The volume for Quotations is very high and only Approved RFQs and Quotations are being converted. What would you recommend as the best conversion strategy for RFQs and Quotations?


Options are :

  • Use the Purchase Documents Open Interface for both RFQs and Quotations.
  • Use the Purchase Documents Open Interface for RFQs and Data Load Quotations,
  • Manually enter RFQs, and Data Load Quotations.
  • Data Load both RFQs and Quotations.
  • Manually enter RFQs, and use the Purchase Documents Open Interface for the loading of Quotation (Correct)
  • Manually enter both RFQs and Quotations.

Answer : Manually enter RFQs, and use the Purchase Documents Open Interface for the loading of Quotation

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