Oracle Inventory Cloud 2023 Implementation Professional

QUESTION NO: 1
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. Invoices and revenue are interfaced from Fusion Receivables B. Shipping, receiving, and inventory transactions from manufacturing C. Period close adjusting journal entries for payroll D. Resource transactions are interfaced directly from Manufacturing E. Payable invoices are interfaced from Fusion Payables

Correct Answer: D

QUESTION NO: 2
Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer, you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.
1) All their procurement, payables, and distribution activities take place from USA.
2) They have a central warehouse in USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units.
3) For requesting material they have two units. One located in USA that monitors the current stock. They are responsible for creating requisition for any material shortage in USA. They have another location in Canada for requesting material.
Which setup fulfills this scenario?

A. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unitDefine Service provider relationship where USA procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit B. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units C. BU1: USA - as procurement and requisitioning Business Unit (BU) BU2: Canada - as requisitioning Business UnitDefine Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit D. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unitDefine Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit

Correct Answer: C

QUESTION NO: 3
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. 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. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.

Correct Answer: A,B,D

QUESTION NO: 4
For an Item to be enabled for back-to-back order process, which attribute do you need to set?

A. Organization attribute: Allow Reservations B. Item attribute: Allow purchase orders off of sales orders C. Organization attribute: Allow Back to Back Processing D. Item attribute: Back-To-Back Enabled E. Item attribute: Reservations Enabled

Correct Answer: D

QUESTION NO: 5
In Supply Chain Orchestration, Automated Change Management performs which two functions?

A. changing the ship method on a sales order B. change to need by dates of a purchase order C. splitting of a sales order D. changing the supplier on a purchase order E. change to item attributes

Correct Answer: C,E

QUESTION NO: 6
Your company has multiple inventory organizations where goods are transferred internally. A user has created a new organization but the new organization is unavailable when creating an interorganization transfer.
What is the missing setup?

A. The source and destination organization doesn,t belong to the same legal entity. B. Inventory organization data access for users is not set up. C. The destination organization transfer type is In Transit. D. Interorganization Parameters are not set up between the organizations.

Correct Answer: B

QUESTION NO: 7
Which three statements about project specific picking process are correct? (Choose three.)

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

Correct Answer: A,B,C

QUESTION NO: 8
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. Consumption advice is created and the next closing date is set to 30th September, 2020. B. No consumption advice is created. C. Consumption advice is created and the next closing date is set to 7th September, 2020. D. Consumption advice is created and the next closing date is set to 30th October, 2020.

Correct Answer: A

QUESTION NO: 9
Which three types of jurisdictions should be considered while designing the Enterprise Structure? (Choose three.)

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

Correct Answer: A,B,E

Oracle Inventory Cloud 2023 Implementation Professional - 1Z0-1073-23 Exam Questions