Oracle 1Z0-1073-23 : Oracle Inventory Cloud 2023 Implementation Professional

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Oracle 1Z0-1073-23 Exam Syllabus Topics:

Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system.
Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen.
How will you fulfill the above requirement?

A) Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.
B) This requirement cannot be fulfilled.
C) Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.
D) Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.

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

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

3. As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.
How do you achieve this?

A) Leave the Profit Center Business Unit field blank in the Inventory Organization definition.
B) It is not possible to define an Inventory Organization that is associated with more than one business unit.
C) Define the Inventory Organization without associating it with any location.
D) Leave the Management Business Unit field blank in the Inventory Organization definition.

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

5. Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.
What is the reason?

A) Items are consigned items and ownership lies with the supplier.
B) Items are not consigned items but ownership is still with the supplier.
C) Items are consigned and ownership is transferred to "owned".
D) Items are not consigned items and ownership is with the organization.

Solutions: