Oracle 1Z0-1023 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1023
Exam Name/Title: Oracle Inventory Cloud 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Inventory Management Cloud

Exam Questions: 76
Updated On: Jul 12, 2026

Question #33

Which three statements are true regarding PAR Location Management?

A. If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.

B. Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.

C. PAR location management replenishment are calculated at the organization level or subinventory level.

D. Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.

E. A receipt is required on interorganization expense destination transfer orders between the from and to organizations

Discussion 0

Correct Answer: B,D,E Vote an answer

Question #34

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

A. 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.

B. Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

C. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.

D. 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".

E. 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.

Discussion 0

Correct Answer: B Vote an answer

Question #35

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. Return the material and create a debit memo for the supplier.

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. You have to transfer the ownership of item and perform the return transaction.

Discussion 0

Correct Answer: A Vote an answer

Question #36

Which two options constitute the rights and responsibilities of a Legal Entity?

A. Create opportunities for new business

B. Facilitate resource allocation

C. Manage warehouses

D. Account for themselves to regulators, taxation authorities, and owners according to rules specified in the relevant legislation

E. Own property

Discussion 0

Correct Answer: D,E Vote an answer

Question #37

You need to load on-hand balances for go live. Which template should be used for this?

A. InventoryBalanceImportTemplate.xlsm

B. InventoryMiscellaneousTrxTemplate.xlsm

C. InventoryOnHandBalanceTemplate.xlsm

D. InventoryTransactionImportTemplate.xlsm

E. InventoryReservationImportTemplate.xlsm

Discussion 0

Correct Answer: D Vote an answer

Question #38

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. Inventory organization data access for users is not set up.

B. The destination organization transfer type is In Transit.

C. The source and destination organization doesn't belong to the same legal entity.

D. Interorganization Parameters are not set up between the organizations.

Discussion 0

Correct Answer: C Vote an answer

Question #39

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. 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.

C. Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.

D. This requirement cannot be fulfilled.

Discussion 0

Correct Answer: A Vote an answer

Question #40

Your client has decided that Discrete Manufacturing will be implemented at a future stage, so any new supply from current manufacturing will be added to current inventory by the Open Transactions Interface. The immediate requirement is to go live with Inventory and Order Management.
Which two seeded transaction types can be omitted for material status control?

A. Miscellaneous Issues and Receipts

B. Backflush Subinventory Transfer

C. All Transaction Types Related to Work in Process

D. Average Cost Update

E. All Internal Transactions

Discussion 0

Correct Answer: B,C Vote an answer

Download Free Oracle 1Z0-1023 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-1023 exam.