Oracle 1Z1-1023 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z1-1023
Exam Name/Title: Oracle Inventory Cloud 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Inventory Management Cloud

Exam Questions: 76
Updated On: Jul 03, 2026

Question #1

Identify the availability type that is applicable for the item quanities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

A. On Hand

B. Available

C. Secondary On-hand Quantity

D. Secondary Available Quantity

E. Reserved

Discussion 0

Correct Answer: D Vote an answer

Question #2

Your customer has a complex financial reporting structure.
Which three elements should you define first in order to form a basis for this reporting?

A. Managerial, Operational, and Industry

B. Tax, Legal, and Industry

C. Legal, Autonomy, and Operational

D. Legal, Managerial, and Functional

Discussion 0

Correct Answer: D Vote an answer

Question #3

While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

A. The system will pick the first available currency from the List of Values.

B. It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.

C. The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.

D. The system will automatically pick "USD" as functional currency from the legal entity country.

E. It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.

Discussion 0

Correct Answer: D Vote an answer

Question #4

What are the four steps for the move request process flow?

A. Create Movement Request

B. Run the Movement Request Pick Slip Report

C. Create shipment

D. Run pick slip allocation

E. Physically move the material

F. Confirm pick slips

Discussion 0

Correct Answer: A,B,E,F Vote an answer

Question #5

Which three statements are true for an expense destination transfers that does NOT require a receipt at destination inventory organization?

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

B. The transfer order is considered received and delivered at the time of shipment.

C. The destination inventory is not incremented.

D. There is no cost associated to the transaction.

E. There is no put away transaction in Inventory since item is expensed.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #6

A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

A. Miscellaneous Transaction

B. Move Request

C. Subinventory Transfer

D. Requisitions

E. Transfer Order

Discussion 0

Correct Answer: A Vote an answer

Question #7

The physical inventory process is carried out for a particular inventory organization with the following parameters:
Negative Quantity Tolerance Percentage is set to 10%
Approval Type = 'Always'
The system says that there are 100 on hand, but you only counted 95. What will happen?

A. The setup is invalid; it will give an error message.

B. An approval will be required before posting,

C. Because the 95 is within the 10% tolerance, it will post without approval.

D. The system will ask a user to recount before posting.

Discussion 0

Correct Answer: C Vote an answer

Question #8

What are two outcomes when a lot expires on an item with lot control enabled?

A. It cannot be transacted.

B. It is issued out of stores.

C. It is not included in cycle counts.

D. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.

E. It cannot be reserved for a date beyond the expiration date.

Discussion 0

Correct Answer: D,E Vote an answer

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