1Z0-520 - Oracle EBS R12.1 Purchasing Essentials Exam
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What are the prerequisites for performing an accurate ABC Compile for inventory items using the Current on-hand value as the compile criterion?
Both items with on-hand quantity and items costed
The on-hand quantity balance for item A is 100 and item B is 200. A shipment of 50 for item A and 50 for item B arrived today. The receiving clerk created a receipt for the shipment. After the receipt, the on-hand quantity of items A and B are 150 and 200 respectively. Which one of the possible receipt routing options for items A and B is correct?
Item A = Direct Delivery; Item B = Standard Receipt
Which three values are applicable for the transaction profile option Miscellaneous Issue and Receipt? (Choose three.)
Oracle Daily Business Intelligence functions are secured using standard Oracle Applications function security. Choose three dashboards that are secured by the Inventory Organization. (Choose three.)
Customer Fulfillment Management
Which three statements are true about the Move Order process? (Choose three.)
Replenishment and pick wave move orders are preapproved.
If no planner is specified for the item, the requisition line is automatically approved.
If no approvals are required in your organization, set the inventory organization parameters Timeout Period to 0 and the Timeout Action to Approve Automatically.
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 two options that you would use to restrict the Invoice Payments option on the new US Payables Manager responsibility. (Choose two.)
Create a Menu Exclusion 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.
When a quotation is due to expire within the number of days you specified, then you receive the following message in the Notifications Summary window: Quotations active or approaching expiration: [number]. Where is this [number] set up in the system?
in Purchasing Options on the 'Default' Tab - Quote Warning Delay field
What are the three elements involved in submitting a concurrent request? (Choose three.)
providing completion option
defining a submission schedule
selecting the request or request set to be submitted
Identify two types of regions in Daily Business Intelligence. (Choose two.)
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.
Identify the correct sequence of steps in the purchase order period close business flow.
1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3. Close the purchasing period. > 4. Process remaining inventory transactions and close the inventory accounting period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write off accrued transactions as necessary. > 7. Create a manual journal entry for write-offs.
If you have Purchasing as the only installed application, in which two tabs in the Financial Options window are you required to enter information? (Choose two.)
Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)
constructing a new menu hierarchy
defining rules to exclude specific functions
Each UOM class must have a base unit specified. Which represents a base unit for the UOM Class Quantity?
Inventory organizations B1 and M1 each have five unique physical separations of material inventory area, which are under locator control. Customer shippable goods are stored in the Finished Goods Inventory (FGI) storage area. The raw material storage area is called Stores. B1 wants to transfer customer goods from one locator to another. Identify the transaction that will accomplish the transfer.
Your customer is planning to close the accounting period in Inventory. Before closing the period, the customer would like to view the total number of pending transactions in one form. Which form would provide this information?
Inventory Accounting Period
Which two statements are true about lot numbers? (Choose two.)
Lot numbers can be user defined.
Before turning lot control on for an item, your on-hand quantity for that item should be zero.
Your ordering process starts with a requisition. Into which two documents must the purchase requisition document be transformed within Oracle Applications? (Choose two.)
Request For Quotation
While entering a cascade receipt, you find that the Cascade button is disabled in the Receipts window. Which option best describes the reason for this?
You specified a purchase order number instead of a supplier and an item in the Find Expected Receipts window.
A global manufacturing organization (GLO) has multiple sourcing rules and approved supplier lists (ASLs) that are set up correctly. Three of the inventory organizations are ITA, NYC, and GER. NYC is a manufacturing organization and the other two are distribution warehouses. The three organizations source items from each other. Which two statements are valid? (Choose two.)
Three lines were set up on a sourcing rule and the sourcing rule was assigned to a single Assignment Set.
ITA has a sourcing rule to source a part from GER. You also assign a bill of distribution to ITA to source the same part from the manufacturing plant NYC. The default source would be GER.
Which are the three mandatory fields when defining a supplier bank header? (Choose three.)
Bank account number
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 (Choose three.)
automation of standardized documents and audit processes
consolidation of data centers and lowering administrative overhead
capture of statutory and customary local requirements In the same database
Your customer is interested in implementing revision control for the finished goods model items. Which two requirements can be met by implementing revision control? (Choose two.)
accommodating a slight design change in the model, where functionality and features remain the same
tracking design changes in all other functions, such as Bill of Materials, Routings, Work in Process, and so on, using the same model number
A client often orders an item by the case but stocks the item as individual units by using the Each unit of measure (UOM). The client orders the item from three suppliers, and the case sizes differ by supplier (10, 12, and 50). What is the proper way to set up these units of measure?
Create multiple CaseX UOMs, where X is the quantity per case, and an Each UOM, and assign them to the same UOM class.
Company X is identifying the major aspects of its inventory organization structure and definitions. Which two actions or statements would be correct? (Choose two.)
It can consider manufacturing facilities, warehouses, distribution centers, and branch offices, as well as other entities.
It does not need a minimum of two inventory organizations in a master/child relationship, but it is a best practice to do so.
Profile options can be either required or optional. All required options must have a value. Which two profile options are required when setting up Oracle Inventory? (Choose two.)
INV: Accounting Category Set
INV: Default Primary Unit of Measure
Two Customer Service Representatives each book a sales order for an item that is revision and lot controlled. There are no other open, active sales orders for this item. Each Customer Service Representative pick releases their order to the same warehouse independently. The Pick Release Rule used by both includes Auto Allocation. On the resulting Move Orders, Inventory has allocated all the requested quantity for one of the sales orders, but only half the requested quantity on the second sales order was available to be allocated. Using the Transact Move Orders form, which action sequence can the warehouse person use to reduce the allocation on the first Move Order so that both customer orders can be equally satisfied?
1. View/Update Allocations; 2. Change the allocated Lot and Quantity values, as appropriate; 3. Select the appropriate Missing Quantity Action.
Identify three features of Key Flexfields. (Choose three.)
Key Flexfields are used identifiers for entitles.
The Key Flexfield structure comprises Segments.
Each segment of a Key Flexfield usually contains meaningful information
An item has its Lot Control attribute set to Full Control. The Active material status does not have any transaction types related to lot control enabled for material status control. This status is assigned to all lot numbers associated with the item. The subinventory where the item's lot numbers are all located also has the Active material status. How will the application respond when a user tries to submit a subinventory transfer transaction?
The transaction will be accepted.
Company X is a global company with operations in three regions: North America, Europe, and Asia. Each region has a separate business group, and one legal entity attached to each business group. North America has two operating units (OU) and the other two regions (Europe and Asia) have one OU each. Identify two correct statements regarding purchasing document approval and routing processes. (Choose two.)
North America can have two sets of Approval Groups, one for each OU.
Each region can have a different type of hierarchy: Employee/Supervisor or Position Hierarchy.
What is the prerequisite for entering unscheduled entries in a cycle count?
Set the Unscheduled Entries flag to Yes in the cycle count header.
Which three statements are true about ABC analysis? (Choose three.)
An ABC class must be assigned to at least one ABC group.
ABC classes can be used to group items for planning purposes.
ABC classes can be used to identify the value groupings to which your items belong.
How can you create reservations for the material based on scheduled demand for a Complex Maintenance Repair and Overhaul (CMRO) work order when the material does not exist in the on-hand inventory?
CMRO creates reservation against a purchase order or any other supply source.
Identify two features of Oracle Workflow In Oracle E-Business Suite Release 12. (Choose two.)
has each activity in a workflow as a PL/SQL function or a notification or a subprocess
can integrate business processes within an enterprise, as well as between different organizations and different systems
XYZ Corp. has operations In the U.S. and Canada. Within Canada, It has two separate Divisions due to Statutory requirements: one In Quebec and another In Ontario. How would you define the organization structure for XYZ Corp. from the Information given above?
two Ledgers, three Legal Entities, and three Operating Units
Oracle Inventory interacts with other Oracle applications by sharing information. Which two pieces of information does Oracle Inventory receive from the Order Management application? (Choose two.)
Your client requires Org A to supply Org B with inventory on a need basis. The Internal Order flag is checked. An internal requisition has been created and approved. What type of receipt would Org B have to perform to receive the goods?
Receipt by Shipment Number
Which two are true about the key accounts in the Procure to Pay process? (Choose two.)
The Receiving account is used to record the current balance of material in receiving and inspection.
The Exchange Rate Gain or Loss account is used to record differences between the exchange rate used for the purchase order and the exchange rate used for the invoice.
Identify two features of a Value Set that has a validation type of "None." (Choose two.)
The entered value must meet the formatting requirements.
The Flexfield value security rules cannot be used for a segment that uses this Value Set.
Employee Information in Oracle E-Business Suite Release 12 is partitioned by_______.
You want Oracle Inventory to automatically create move orders while performing min-max planning. To enable that functionality, you would need to define the ____.
subinventory supply source type at the subinventory or item level
Consider the following setup: Receipt Close Point = Accepted; Receipt Close Percent = 5%. A shipment of 100 units for item A was scheduled to be delivered today. The shipment status changed to Closed for Receiving after processing the delivery. Which statement is true about this delivery?
110 units of A are received and 103 are delivered to the inventory.
What is the significance of the Shrinkage Rate item attribute?
The average loss of material during manufacturing or storage
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?
Release1 $5, Release2 $4
Company X has a single Inventory Organization. It wants to monitor aged material. Specifically, it needs to ensure that its products have the most current calibration. Profile Option INV: FIFO for Original Receipt Date has two selections. Which selection is correct?
INV: FIFO for Original Receipt Date = Yes. Original receipt date would be retained until material is issued out of inventory.
Which profile option controls whether a flexfield window automatically opens when you navigate to a customized descriptive flexfield?
Flexfields: Open Descr Window
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 three correct statements regarding the Balancing Entity. (Choose three.)
Each Balancing Entity mutt balance within itself.
There can be multiple Balancing Entitles within an Operating Unit
Balancing Entities can be secured at the Operating Unit level through Security Rules
Identify two features of an "Independent" value set. (Choose two.)
There Is a predefined list of values for a segment.
The values are stored in an Oracle Application Object Library table.
You match an unordered receipt to_____.
a purchase release shipment from the same organization for the same supplier
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 _____.