Question 1

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Options :

A : Natural accounts were defined as parent values

B : Natural accounts were defined to not allow posting.

C : Natural accounts were defined with an incorrect account type

D : Natural accounts were defined to store both statistical and monetary values.

Answer: C

Question 2

When using Web Services 1.0, consider the following sequence of a client system calling CPQ CloudWebServices.1. Call Security Login WebServices with User ID and Password.2. Create a Commerce updateTransaction WebServices call by using an existing transaction ID.3. Make the following updates in the web service XML:Set Session IDSet “_shipTo_first_name” to “myName”4. Submit the WebService call.5. Call Security Logout WebServices with the Session ID to close the session.Based on the given sequence, which two statements are true? (Choose two.)

Options :

A : The call in step 4 will throw an error

B : The Commerce transaction should be updated with the new Ship To name

C : The session will still be open

D : Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction

E : Step 5 is unnecessary. Session ID is not needed to log out

Answer: A,C

Question 3

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsiblefor converting historical account balances into Oracle General Ledger from a legacy system. There is noAccount Code Combination setup in the Production Instance.Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

Options :

A : Define Value Sets and assign them to Segments

B : Define Segments in the Accounting FlexField structure

C : Qualify one of the Segments as the Balancing Segment

D : The Key Flexfield Segments have to be enabled and displayed

E : Select the “Allow Dynamic Inserts” check box in the Accounting Key Flexfield structure

Answer: A

Question 4

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

Options :

A : Ledger

B : Legal Entity

C : Operating Unit

D : Balancing Entity

E : Business Group

Answer: B

Question 5

What is the order of execution when a new transaction is created?

Options :

A : main doc integration, advanced main doc default BML, attribute defaults

B : advanced main doc default BML, attribute defaults, main doc integration

C : process integration, attribute defaults, advanced main doc default BML

D : attribute defaults, advanced main doc default BML, process integration

E : process integration, advanced main doc default BML, attribute defaults

F : process integration, attribute defaults, advanced main doc default BML, main doc integration

Answer: D