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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

A) Chart of Accounts, Accounting Calendar, and Currency
B) Chart of Accounts, Ledger Balance, and Accounting Method
C) Currency, Description, and Accounting Method
D) Chart of Accounts, Description, and Accounting Method

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

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

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

4. You set up an item organization and an inventory organization as part of your customer's requirement.
Your customer has, by mistake, performed a receipt transaction in the item organization instead of the inventory organization. How wiil you rectify the error?

A) Perform a new receipt in the correct organization and retain the stock in item organization because it does not affect any other operation.
B) It is not possible to receive item in the item organization.
C) Perform a correct receipt transaction and receive the item in the correct organization.
D) Perform a return of item and receive the item again in the correct organization.

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

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

Solutions: