Oracle Oracle Certifications 1Z0-1073 Questions & Answers

• Question 1:

  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. Legal, Autonomy, and Operational

  C. Tax, Legal, and Industry

  D. Legal, Managerial, and Functional

  Correct Answer: D

• Question 2:

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

  A. The guided interview-based process helps you set up the enterprise with best practices.

  B. It recommends job and position structures.

  C. It creates the chart of accounts.

  D. It allows you to create your Enterprise, Business Units, and Warehouses in a single step.

  E. You cannot modify the recommendation from the tool. You must do it after you perform the initial configuration.

  Correct Answer: AD

• Question 3:

  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 and ownership is transferred to "owned".

  B. Items are consigned items and ownership lies with the supplier.

  C. Items are not consigned items but ownership is still with the supplier.

  D. Items are not consigned items and ownership is with the organization.

  Correct Answer: B

• Question 4:

  A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them. Which type of execution document can fulfill the supply request?

  A. Sales Order

  B. Purchase Requisitions

  C. Purchase Order

  D. Transfer Order

  Correct Answer: D

• Question 5:

  Your client wants the purchasers to be able to run the min-max plan for items under their control and then

  manage the POs created out of these.

  Which parameters can they use to be able to do this?

  A. From Planner to Planner

  B. From Buyer to Buyer

  C. From Item to Item

  D. Sort by

  E. Planning Level

  Correct Answer: C

• Question 6:

  You face a supply request exception due to some reason. You realize that you need to make some

  changes to the Manage Supply Request Exceptions page.

  Which action will you perform?

  A. The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.

  B. Update the supply request and submit it. The errors will be resolved automatically.

  C. The supply request can be updated using a third-party application only.

  D. Update the supply request and make user errors are resolved before resubmitting it.

  Correct Answer: A

• Question 7:

  In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a suplier. The Sourcing Rules have been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the supply line status is "In Purchasing" with the supply order generated but the purchase requisition not generating. What is the reason?

  A. Supply order is generated with exceptions.

  B. The sourcing rule is incorrect.

  C. Preparer is not valid.

  D. Buy requests originate from Order Management.

  E. No Blanket Purchase Agreement (BPA) exists for this supplier-item combination.

  Correct Answer: B

• Question 8:

  Which three types of jurisdictions should be considered while designing the Enterprise Structure?

  A. Income Tax Jurisdiction

  B. Labor Jurisdiction

  C. Local Jurisdiction

  D. Transaction Tax Jurisdiction

  E. Identifying Jurisdiction

  F. Obligatory Jurisdiction

  Correct Answer: ADE

• Question 9:

  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. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

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

  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.

  Correct Answer: B

• Question 10:

  Your customer has two warehouses (Inventory organizations) located in two different regions. They have a

  consigned agreement in place with the supplier. Your customer requests that whenever consumption

  advice is created, it should be created separately for each inventory organization.

  What setup is required to achieve this requirement?

  A. Set Consumption Advice Summary in Consignment Agreement to "Organization".

  B. Set Consumption Advice Summary in Consignment Agreement to "All Organizations".

  C. This cannot be achieved because only one common consumption advice is created regardless of other parameters.

  D. Set Consumption Advice Summary in Consignment Agreement to "All Organizations with items".

  Correct Answer: A