An Item has its lot Control attribute set to Full Control.
The Active material status does not have any transaction types related to lot control enabled for material status control, this status is assigned to all lot numbers associated with the item.
The subinventory where the Item's lot numbers are all located also has the Active material status.
How will the application respond when a user tries to submit a subinventory transfer transaction?

• A. An error message will be generated.
• B. The transaction will be accepted.
• C. The transaction will be accepted, but the item cost update will have to be processed separately by the user.
• D. The transaction will be accepted, but will be registered as a transfer to and from the same subinventory.

ABC Corp. has the following Organization Structure:
1) Legal Entity: A
2) Operating Units: B and C
3) Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

• A. There can be multiple Balancing Entities within an Operating Unit.
• B. Balancing Entities can be automatically secured at the Legal Entity level.
• C. Balancing Entities can be secured at the Operating Unit level through Security Rules.
• D. Each Balancing Entity must balance within itself.
• E. Balancing Entity is the lowest postable unit in the Chart of Accounts.

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

• A. Multi-Org Structure
• B. Chart of Accounts
• C. Financial Accounting Calendar
• D. Ledger
• E. Accounting Convention

Your customer has two manufacturing plants. Plant1 reuses serial numbers across all items. Plant2 requires unique serial numbers across all items in the Plant2 enterprise.
Which type of serial control setup meets the requirement?

• A. Plant1: across organization, Plant 2: within an organization
• B. Plant1: across organization, Plant 2: within inventory items
• C. Plant1: within an organization, Plant2: across organization
• D. Plant1: within inventory items, Plant2: across organization
• E. Plant1: within an organization, Plant2: within inventory items
• F. Plant1: within inventory items, Plant2: within an organization

Identify three features of a Balancing Entity. (Choose three.)

• A. A Legal Entity may comprise one or more than one balancing segments.
• B. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
• C. Balance sheets are prepared for a Balancing Entity.
• D. Multiple Balancing Entities within the same Operating Unit structure is not supported.
• E. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.