01. 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?
a) Pending Status
b) View Material Transactions
c) Find Pending Transactions
d) Transaction Open Interface
e) Inventory Accounting Period
02. In the Multi-Org model, which organization type is the highest level that impacts accounting?
a) Ledger
b) Operating Unit
c) Business Group
d) GRE/Legal Entity
e) Inventory Organization
03. While defining Approval Groups, which three objects can you define authorization rules for?
(Choose three.)
a) Buyer
b) Location
c) Commodity
d) Item Category
e) Account Range
f) Document Amount
04. How many distinct ABC Compile Names can exist at a given time in an inventory organization?
a) an unlimited number of names
b) only one for each subinventory
c) only one per inventory organization
d) one for each subinventory and one for each inventory organization
05. What is the prerequisite for entering unscheduled entries in a cycle count?
a) Run a manual schedule request to generate counts.
b) Generate cycle count requests before entering counts.
c) Run an automatic schedule request to generate counts.
d) Set the Unscheduled Entries flag to Yes in the cycle count header.
e) Run the count generation program for unscheduled entries.
06. Beyond the shelf life days, active lots become expired lots. Expired lots ______ .
a) can be reserved
b) are not allowed to do subinventory transfer
c) are not included in inventory valuation reports
d) cannot be transacted and included in on-hand quantities
e) are not included in cycle and physical counting adjustments
f) are not considered as on-hand supply for min-max and re-order point planning
07. Which two are true about the key accounts in the Procure to Pay process?
(Choose two.)
a) The Receiving account is used to record the current balance of material in receiving and inspection.
b) The Invoice Price Variance account is used to record differences between the invoice price and the average cost.
c) The Expense AP Accrual account is used to accrue payable liabilities when you receive items you will capitalize as inventory.
d) The Purchase Price Variance account is used to record differences between the purchase order line price and the average cost.
e) 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
08. The Child Lots check box is enabled at the organization item level. Which two statements are true?
(Choose two.)
a) The lot splitting process is enabled by this feature.
b) The system would maintain lot genealogy with child and parent lots.
c) Child lot characteristics are completely different from that of parent lots.
d) Child lots are unique and independent lots. They are not linked with parent lots.
e) Short expiry lots are child lots. Child lots generate unique numbers across items.
f) Child lots are a subdivision of the parent lots and maintain integrity with the parent lots.
09. Which purchasing Electronic Data Interchange (EDI) transaction is NOT supported in e Commerce Gateway?
a) Quotation
b) Scheduled Release
c) Request for Quotation
d) Planned Purchase Order
e) Advance Shipment and Billing Notice
10. Each UOM class must have a base unit specified. Which represents a base unit for the UOM Class Quantity?
a) One
b) Each
c) Case
d) Gross
e) Dozen
The Oracle E-Business Suite Purchasing Essentials (1Z0-520) Sample Question Set is designed to help you prepare for the Oracle E-Business Suite 12 Supply Chain Certified Implementation Specialist - Oracle Purchasing (OCS) certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-520 Certification Practice Exam.