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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Your customer has a complex financial reporting structure.
Which three elements should you define first in order to form a basis for this reporting?

A) Legal, Managerial, and Functional
B) Legal, Autonomy, and Operational
C) Managerial, Operational, and Industry
D) Tax, Legal, and Industry

2. Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.
What is the process of returning the material?

A) Return the material and create a debit memo for the supplier.
B) You have to transfer the ownership of item and perform the return transaction.
C) You have to cancel the invoice and send the material back without changing the ownership.
D) You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

3. Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer? (Choose three.)

A) Offline Processing
B) Blind Processing
C) Background Processing
D) Sequential Processing
E) Concurrent Processing
F) Online Processing

4. Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one - which is NOT, and picked up by the cost processor?

A) Payable invoices are interfaced from Fusion Payables
B) Invoices and revenue are interfaced from Fusion Receivables
C) Shipping, receiving, and inventory transactions from manufacturing
D) Period close adjusting journal entries for payroll
E) Resource transactions are interfaced directly from Manufacturing

5. Which three statements about project specific picking process are correct? (Choose three.)

A) Shipment lines with project task can be created in shipping organization not enabled for projects.
B) Picks can be searched by project and task number.
C) Pick release of movement request allocates common inventory prior to project specific inventory.
D) Picks with same project and task can be grouped to single pick slip.

Solutions: