Oracle Inventory Cloud Exam V2

What are the three Jurisdictions required to be defined for the Legal Entity?

• Transaction Tax Jurisdiction

• Local Jurisdiction

• Labor Jurisdiction

• Income Tax Jurisdiction

• Identifying Jurisdiction

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?

• Accounting Method, Financial Calendar, Chart of Accounts

• Cost Organization, Cost Book, Financial Calendar

• Chart of Accounts, Calendar, Functional Currency

• Business Unit, Legal Entity, Warehouses

The company has defined the Chart of Accounts. Next they start on the Organization Hierarchy. What is the structure that should be defined first?

• Business Units, Warehouses, Subinventories

• Division, Business Units, Departments

• Cost Book, Cost Organization, Item Organization

• Ledger, Calendar, Currencies

A company has one business unit, 2 Legal entities with each having a set of 8 warehouses. While setting up the warehouses of the second set, implementers are not able to associate the mandatory setup of Profit Business Unit, however they could do it for the first set. What are the possible reasons?

• Business Unit is not cost enabled.

• Legal Entity setup is not complete.

• There is no Business Unit associated to the Legal Entity

• All Warehouses should be defined under one Business Unit

A Company has the requirement to have 8 legal entities, 8 Business Units

and one Inventory Organization assigned to 8 Business Units. How do you

recommend this to be managed?

• Define the IO and not assign any Profit Business Unit

• While defining the IO, don’t assign the managerial Business Unit

• This scenario cannot be defined

• Make one Ledger, associate the Legal Entities to it and have one IO under the ledger

A company has business across the globe and they

have the following 6 Business Units

US, Canada, India, NLS, Mexico, Australia

The Organizations created are,

GM (Item Org) under US

US1 (Warehouse) under US

US2 (Warehouse) under US

CA1 (Warehouse) under CA

IN1 (Warehouse) under IN

NL1 (Warehouse) under US

MX1 (Warehouse) under MX

AU1 (Warehouse) under AU

Select the two right statements associated to this structure

• Items created for IN1 can be assigned to NL1

• Items assigned to one IO cannot be associated to IOs under different Business Unit

• Items created under GM can be assigned to US1, US2, CA1 and MX1 as these are part of NORAM Group

• Item Organization can be enabled as Inventory Organization

• Items created under Item organization can be assigned to any IO in the Enterprise

Client would like to implement Oracle Cloud for Singapore however they are headquatered in Japan and need to do Management reporting under Japanese Yen. How do you recommend managing this?

• Define two ledgers, one for SGD and one for Yen. have the accounting entries moved to the two ledgers at the same time.

• Define Primary Ledger for Yen and define a Secondary Ledger for SGD. Manage the reporting through Primary Ledger

• Define Primary Ledger for SGD and have an additional reporting currency as Yen, through which management reporting can be done.

What are the two statements true for Enterprise Structure Configurator?

• It’s an interview based tool that guides through the process of setting up Enterprise Structure

• Legal Entity, Business Unit and Warehouses can be defined in single step

• One cannot change the ESC recommendation. It can be modified after completing the initial setup

• Tool also recommends the Job and Positions

There are many exceptions found in supply orders but Warehouse manager

doesn’t resolve these on time leading to a huge list of exceptions. What will

this lead to?

• There will be a point reached post which system will stop generating Supply Orders

• The supply orders will get escalated to the manager of the person responsible and so on so forth

• The exceptions will lead to large scale supply chain disruptions.

• The exceptions will be ignored after sometime resulting in business as usual.

There are shipments that are past due but getting cleared on a daily basis. Warehouse manager would like to get the report on the progress. What is he looking for?

• Past Due Shipments and not yet closed

• Past Due shipments but closed till date

• Past Due shipments closed today

• Past Due Shipments planned for closure