Oracle 1z0-520 Exam Questions

Question 6 of 245

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

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.

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 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. > 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

Correct Answer: A

Question 7 of 245

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? (Choose two.)

You do not need to create a local ASL if you create a Global ASL

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

You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.

The country of origin must be entered in the ASL, or it would not be available on the purchasing document.

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.

Correct Answer: B, E

Question 8 of 245

Which control option prevents changes or additions to the purchase order or release, but maintains the ability to receive and match invoices?

Hold

Firm

Freeze

Finally Close

Correct Answer: D

Question 9 of 245

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

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.

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

Company X has set up Planning would source planned orders. The approval status of the supplier can be set to New or Approved.

Correct Answer: C, D

Question 10 of 245

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?

PO: Automatic Document Sourcing

MRP: Default Sourcing Assignment Set

PO: Allow Auto-generate Sourcing Rules

PO: Allow Autocreation of Oracle Sourcing Documents

Correct Answer: C