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

2. Which three types of jurisdictions should be considered while designing the Enterprise Structure? (Choose three.)

A) Obligatory Jurisdiction
B) Labor Jurisdiction
C) Identifying Jurisdiction
D) Local Jurisdiction
E) Transaction Tax Jurisdiction
F) Income Tax Jurisdiction

3. Your customer has a requirement across their 10 warehouses, each with different users. They would like that whenever a warehouse user logs in, their default warehouse should get populated.
How will you achieve this?

A) Set the profile option INV_DEFAULT_ORG_ID at user level for each user.
B) Set the profile option INV_DEFAULT_WHSE_ID at user level for each user.
C) Set the profile option INV_DEFAULT_ORG_ID at site level.
D) Set the profile option INV_DEFAULT_ORG_ID at role level for each role (different roles for different warehouses).
E) Set the profile option INV_DEFAULT_WHSE_ID at role level (different roles for different warehouses).
F) Set the profile option INV_DEFAULT_WHSE_ID at site level.

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

5. 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, Description, and Accounting Method
C) Chart of Accounts, Ledger Balance, and Accounting Method
D) Currency, Description, and Accounting Method

Solutions: