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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Which two statements are true in regard to using the Enterprise Structures Configurator?

A) The guided interview-based process helps you set up the enterprise with best practices.
B) It recommends job and position structures.
C) It creates the chart of accounts.
D) It allows you to create your Enterprise, Business Units, and Warehouses in a single step.
E) You cannot modify the recommendation from the tool. You must do it after you perform the initial configuration.

2. Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A) Receipt Accounting is the application that performs the accrual accounting for all types of receipts.
B) Landed Cost Management gives organizations financial visibility into their extended supply chain costs.
C) Cost method can be defined granularity down to individual items.
D) Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.

3. Identify the correct sequence of consigned inventory process flow.

A) Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer - Consumption advice sent to supplier
B) Consignment agreement creation - Consignment order sent to supplier - Consigned inventory received by buyer - Consumption advice sent to supplier
C) Consignment order sent to supplier - Consignment agreement creation - Consumption advice sent to supplier - Consigned inventory received by buyer
D) Consumption advice sent to supplier - Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer

4. Which three statements are true regarding PAR Location Management?

A) PAR location management replenishment are calculated at the organization level or subinventory level.
B) Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.
C) Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.
D) If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.
E) A receipt is required on interorganization expense destination transfer orders between the from and to organizations

5. While creating the consignment agreement, you have set the consumption advice frequency to "monthly" and the billing cycle close date to "31st August, 2020".
What will happen when you run the consumption advice process on 31st August, 2020?

A) Consumption advice is created and the next closing date is set to 30th October, 2020.
B) Consumption advice is created and the next closing date is set to 30th September, 2020.
C) Consumption advice is created and the next closing date is set to 7th September, 2020.
D) No consumption advice is created.

Solutions: