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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. 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) Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.
D) Cost method can be defined granularity down to individual items.

2. A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

A) Transfer Order
B) Miscellaneous Transaction
C) Requisitions
D) Subinventory Transfer
E) Move Request

3. On the Supply Lines Overview page, the deviations in supply type chart show a supply line status of exception.
What action must you take?

A) This indicates that supply line has an exception in manufacturing goods, so the supply line must be changed.
B) This indicates that supply line quantities are not available, so inventory must be procured.
C) This indicates that supply line quantities are less than required, so additional quantities must be procured to meet the requirement.
D) This indicates that supply line quantities are available but the quality is not up to the mark, so the quality issue must be resolved.

4. What are two outcomes when a lot expires on an item with lot control enabled?

A) It is not included in cycle counts.
B) It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.
C) It cannot be transacted.
D) It is issued out of stores.
E) It cannot be reserved for a date beyond the expiration date.

5. Which attribute value allows usage of common inventory for project specific demand?

A) Allow use of common supplies : No and Hard Pegging Level : Project and Task
B) Allow use of common supplies : No and Hard Pegging Level : Project Group
C) Allow use of common supplies : Null and Hard Pegging Level : Project Group
D) Allow use of common supplies : Null and Hard Pegging Level : None

Solutions: