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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:
1. Your customer is a very large organization spanning across multiple countries. Their legal requirements, Human Resource Policies, and Functional Currencies for Ledger are different for each country. Your customer wants to maintain 10 different companies in the system.
Which combination meets this requirement?
A) 10 Enterprises, 10 Divisions, where each division has its own legal entity and ledger
B) 1 Enterprise, 10 Divisions, where each division has its own ledger with common legal entity across all divisions
C) 1 Enterprise, 10 Divisions, where each division has its own legal entity and ledger
D) 10 Enterprises, 1 Division, where each division has 10 legal entities and 1 ledger
2. While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?
A) It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.
B) The system will pick the first available currency from the List of Values.
C) The system will automatically pick "USD" as functional currency from the legal entity country.
D) It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
E) The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
3. Your customer is managing a large sales team divided in two different geographies in the USA. They have the East Coast sales team and the Central sales team. Both teams are handled by one manager and perform the same function.
You customer wants to track the expenses of the two teams separately; however, they do not consider them different as they are handled by one manager only.
How will you fulfill the requirement?
A) Define them as two separate departments and a single cost center.
B) Define them as a single department and two separate cost centers.
C) It is not possible to fulfill the requirement.
D) Define them as one department and one cost center.
4. Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?
A) Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
B) If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".
C) Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
D) Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.
E) If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.
5. What are the two scenarios that allow you to update the lot control option for an item?
A) Item has zero on-hand quantity.
B) No open internal order exists for the item.
C) No open sales order exists for the item.
D) Item material status is Active.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A,C |


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