1z0-520

1z0-520 practice questions, page 2 of 10, with answer review and explanations.

Question 6

Which window in Purchasing would you use to copy on existing global Approved Supplier List entry and make it local to your organization?

  1. Supplier Statue
  2. Request For Quotation
  3. Supplier-Item Attribute
  4. Approved Supplier List Statuses
  5. Sourcing Rule/Bill of Distribution Assignments

Question 7

Which two statements are true about using foreign currency? (Choose two)

  1. Requisition total is expressed in foreign currency.
  2. Currency can be changed even after a requisition is approved.
  3. Currency cannot be changed once a purchase order is approved.
  4. A foreign currency reference can be specified for each purchase order line.
  5. Requisition can automatically source blanket agreements or catalog quotations with foreign currency information.

Question 8

A recent shipment of item A was routed to the inspection department according to standard practice, but no receipt for item A is available in the system for inspection. What might have happened?

  1. Requester set the receipt routing to Direct Delivery in the requisition,
  2. Receiving clerk created an express receipt instead of a standard one.
  3. Buyer changed the receipt routing to Standard Receipt in the purchase order line.
  4. Buyer changed the routing to Direct Delivery at the supplier site level for this supplier.
  5. Receiving clerk changed the receipt routing to Standard Receipt at the time of receiving.

Question 9

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

  1. 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.
  2. 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
  3. 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.
  4. 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.
  5. Prepare for period dose. > Run Validation/ Review and resolve holds. > Transfer and review. > Close the period in AP. > Create accounting. > Post journal

Question 10

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.)

  1. You do not need to create a local ASL if you create a Global ASL
  2. Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.
  3. You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.
  4. The country of origin must be entered in the ASL, or it would not be available on the purchasing document.
  5. 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.