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1Z1-520 PDF DEMO:

QUESTION NO: 1
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?
A. 102 units of A are received and then 10 are returned to the vendor due to damage.
B. 110 units of A are received and 103 are delivered to the inventory.
C. 110 units of A are received and 94 are accepted.
D. 99 units of A are received and 5 are rejected after inspection.
E. 95 units of A are received and waiting in the receiving dock.
Answer: B

QUESTION NO: 2
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?
A. Manually enter RFQs, and Data Load Quotations.
B. Manually enter RFQs, and use the Purchase Documents Open Interface for the loading of
Quotations.
C. Manually enter both RFQs and Quotations.
D. Data Load both RFQs and Quotations.
E. Use the Purchase Documents Open Interface for RFQs and Data Load Quotations,
F. Use the Purchase Documents Open Interface for both RFQs and Quotations.
Answer: B

QUESTION NO: 3
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 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.
C. The Invoice Price Variance account is used to record differences between the invoice price and the average cost.
D. The Expense AP Accrual account is used to accrue payable liabilities when you receive items you will capitalize as inventory.
E. The Purchase Price Variance account is used to record differences between the purchase order line price and the average cost.
Answer: A,B

QUESTION NO: 4
Which three statements are true regarding Inventory replenishment methods? (Choose three.)
A. Min-max planning considers order cost.
B. When an item is defined, both reorder point planning and min-max planning can be specified to place limits on the calculated reorder point.
C. Reorder point planning considers replenishment lead time.
D. Min-max planning considers carrying cost.
E. Min-max planning can be performed at the subinventory level.
F. Reorder point planning considers order cost.
Answer: C,E,F

QUESTION NO: 5
You would set up the profile option INV: Item Master Flexfield _____.
A. for items from legacy system referenced in this field
B. in the initial setup on inventory for defaulting purpose
C. for first time setup of the item master flexfield to denote the key flexfield compiled
D. to capture the item descriptive information on this field
E. to indicate which flexfield is used to define items in MTL_SYSTEM_ITEMS
Answer: E

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Updated: May 25, 2022