Oracle : 1Z1-519 Questions & Answers

Select three statements that describe the reservation of Lot Indivisible Items. (Choose three.)

• A. When you set an item as lot indivisible, you must reserve the entire lot quantity.
• B. When an indivisible lot exceeds the required lot quantity, you can select the lot for reservation, if the quantity is a multiple of the order quantity.
• C. When an indivisible lot exceeds the required lot quantity, you cannot select the lot reservation, if it surpasses the order tolerance.
• D. A lot level reservation must reserve the full lot quantity or place the lot on hold.
• E. A lot level reservation must reserve the full quantity or disregard the entire lot.
• F. Inventory automatically creates high-level reservations for lot indivisible items.

Identify three features of a Balancing Entity. (Choose three.)

• A. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
• B. A Legal Entity may comprise one or more than one balancing segments.
• C. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
• D. Balance sheets are prepared for a Balancing Entity.
• E. Multiple Balancing Entities within the same Operating Unit structure is not supported.

Which two statements are true regarding lot-based unit of measure (UOM) conversions? (Choose two.)

• A. During a PO receipt, the lot-based conversion cannot be updated if the lot does not match existing conversion rates.
• B. Updating the on-hand balance on a lot-based UOM conversion requires a cycle count transaction with the lot number provided in the count record.
• C. You cannot create lot-specific UOM conversions for on-hand lots or lots with a zero balance.
• D. You can create lot-specific UOM conversions for on-hand lots or lots with zero balance.
• E. You cannot update existing on-hand balances for lot-based UOM conversions.

The client requires that cycle counts are entered by the warehouse staff. However, only the warehouse manager can schedule counts, generate count requests, generate count requests and approve the counts that are out of tolerance.
What should you consider when setting up the cycle counting process?

• A. The tolerance level for automatic adjustment
• B. The number of automatic recounts required
• C. The number of serial and/or lot controlled items included in the count
• D. Modify the workday calendar used by the warehouse
• E. The responsibility that has access to the Approve Counts function
• F. The frequency of the recounts required

What are the prerequisites for performing an accurate ABC Compile for Inventory Items using the Current on-hand value as the compile criterion?

• A. Either items with on-hand quantity or items costed
• B. Items with on-hand quantity only
• C. Items costed only
• D. Both items with on-hand quantity and items costed