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Oracle 1Z0-1073-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Inventory Valuation and Costing- Cost accounting integration
- Cost methods and valuation principles
Topic 2: Inventory Management Fundamentals- Item and warehouse configuration basics
- Inventory structure and organization setup
Topic 3: Inventory Transactions and Execution- Material movement and transaction processing rules
- Receipts, issues, transfers, and adjustments
Topic 4: Reporting and Integration- Inventory reporting and analytics
- Integration with Oracle SCM Cloud modules
Topic 5: Inventory Controls and Compliance- Subinventory and locator management
- Inventory controls, cycle counts, and auditing

Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

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 not consigned items but ownership is still with the supplier.
  • B. Items are consigned items and ownership lies 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.
Answer: B

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, 1 Division, where each division has 10 legal entities and 1 ledger
  • B. 10 Enterprises, 10 Divisions, where each division has its own legal entity and ledger
  • C. 1 Enterprise, 10 Divisions, where each division has its own ledger with common legal entity across all divisions
  • D. 1 Enterprise, 10 Divisions, where each division has its own legal entity and ledger
Answer: D

Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

  • A. 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".
  • B. 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.
  • C. Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
  • D. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
  • E. 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.
Answer: C

Which three applications originate a buy request that is received by supply chain orchestration? (Choose three.)

  • A. Purchasing
  • B. Accounts Payable
  • C. Order Management
  • D. Self Service Procurement
  • E. Planning
  • F. Inventory
Answer: B,C,F

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

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