Latest Oracle 1z1-342 Actual Free Exam Questions & Community Discussion, Page 1

Question #1

Your customer wants an account balance-based allocation setup, with the source of selection being at the business unit master.
What are the steps to implement this?

A. Define Index Computations From and To business > Run Index Computation Compute and Print > Set Data selection

B. Define Index Computations To business Unit Object Range, and Rate Factor > Run Index Computation Compute and Print > Set Data selection > Set Processing Option

C. Define Index Computations From and To business Unit Object Range, and Rate Factor > Run Index Computation Compute and Print > Set Data selection > Set Processing Option

D. Define Index Computations From and To business Unit Object Range, and Rate Factor > Run Index Computation Compute and Print > Set Processing Option

Discussion 0

Correct Answer: D Vote an answer

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Question #2

What does Detail Method use to track Intercompany settlements and how does the company associated with the first journal entry line act for the transaction?

A. Detail Method uses Subledgers, and the company acts as a detail company for the transaction.

B. Detail Method uses Subsidiaries, and the company acts as a hub company for the transaction.

C. Detail Method uses Subsidiaries, and the company acts as a detail company for the transaction.

D. Detail Method uses Subledgers, and the company acts as a consolidation company for the transaction.

E. Detail Method uses Subledger, and the company acts as a hub company for the transaction.

Discussion 0

Correct Answer: B Vote an answer

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Question #3

You were asked to assist in setting up the Automatic Accounting Instructions (AAI) for the financial system.
Which statement is TRUE regarding AAI?

A. All AAI Items must have a corresponding valid Business Unit and Object Account value.

B. Some AAI Items with a common prefix can have a user defined suffix.

C. All AAI Items are company specific.

D. There can only be two lines of description.

E. The sequence number is hard coded in the logic of the calling application.

Discussion 0

Correct Answer: E Vote an answer

Question #4

What three statements are true about the Address Book Self Service program?

A. It allows external users to update their user profile Information.

B. It allows external users to update mailing address information for the address book record for their company.

C. It allows external users to update their company calendar.

D. It allows external users to update their company Tax identification number.

E. It allows external users to update their company Global Location Number (GLN).

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #5

Which three steps are performed in the Match Tape File To Recon File program (R09510) in order to reconcile the transactions?

A. comparing cleared transactions from the bank tape in the F09505 to unreconciled transactions in the F0911R reconciliation workfile

B. printing four reports that show the results of the comparison and list any errors that occurred during the automatic reconciliation

C. copying the unreconciled transaction detail for all reconcilable accounts from the F0911 table to the F0911R reconciliation workfile

D. converting data from the F095051 flat file to the F09505 workfile

E. marking as reconciled all transactions with matching document numbers and amounts, and cleared dates greater than the document date in the F0911R workfile and F09ii table

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question #6

Your client created a journal entry to add cost for some fixed asset records, but Is having trouble finding the batch in fixed assets in order to post the G/L entry to Fixed Assets.
With no access to the system, which two items should your client verify?

A. The accounts used on the Journal entry are within the FD range of accounts In the AAIs.

B. The entry was posted to the G/L (the G/L posted code is equal to P).

C. The accounts used on the journal entry are within the FX range of accounts in the AAIs.

D. The journal entry included an asset number.

E. The accounts used on the journal entry are within the AT range of accounts in the AAIs,

Discussion 0

Correct Answer: C,D Vote an answer

Question #7

A user wants to export grid data. Which two statements are true?

A. Exporting data to Excel can be performed for interactive applications.

B. Exporting data to Word is not possible.

C. Exporting data can be done both to Excel and a CSV file.

D. Exporting data to Excel is limited to 999 columns.

E. Exporting data to Excel cannot be done from the Web Client.

Discussion 0

Correct Answer: A,C Vote an answer

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Question #8

Your client needs assistance in setting up allocations for the company. Which method of allocation allows you to redistribute amounts from one or more business units to one or more business units with a common category code?

A. Model Journal Entry

B. Indexed

C. Variable Numerator

D. Recurring Journal Entry

E. Variable Model

Discussion 0

Correct Answer: C Vote an answer

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Question #9

Your client has asked that you run a Standard report with payment information for a given payment cycle.
Which of the following would give you the desired information?

A. Run the Manual Payment Journal Report.

B. Set the processing options for the Automatic Payment Review report to reprint the check register.

C. Re-run the Create Payment Group program and set the processing options In the Master Business Function to print the check register.

D. Set up the Check Register in the Bank Account Information program.

E. Run the Payment Analysis Report.

Discussion 0

Correct Answer: C Vote an answer

Question #10

Your client needs to consolidate their financial information from various business sites.
Which statement does NOT represent a difference between a Multi-Site Consolidation and other Organizational Structure?

A. The Organizational Structure Definition application updates the Structure Definition table.

B. You cannot consolidate the balance of multiple locations in a mufti-site consolidation, but you can perform this activity with organizational reporting structure.

C. Multi-site consolidation uses elimination rules; Organizational Structure does not use these rules.

D. Multi-site consolidation can process consolidation from non-EnterpriseOne applications.

E. User Defined Codes 00/01 through 00/30 and 09/01 through 09/23 must be updated prior to defining the business unit and account structure.

Discussion 0

Correct Answer: A Vote an answer

Question #11

Your client wants you to help them define their business units. Which statement is TRUE regarding business units?

A. Business units are duplicated in each company.

B. Business units are the lowest organizational reporting level for your company.

C. Business units do not allow category codes.

D. Business units do not allow level of detail.

E. Business units coded with a 'BS1 in the Business Unit type field cannot be used for income statement accounts.

Discussion 0

Correct Answer: B Vote an answer

Question #12

JD Edwards EnterpriseOne is known for providing a low TCO. What does TCO mean?

A. Total Cost of Operations

B. Technical Cost of Ownership

C. Total Cost of Ownership

D. Technical Cost of Operating

Discussion 0

Correct Answer: C Vote an answer

Question #13

Which are steps involved in processing an invoice? (select 3)

A. Enter Invoices

B. Enter Suppliers

C. Remove selected AAI's

D. Post Invoices to the General Ledger

E. Review & Approve Invoices

Discussion 0

Correct Answer: D,E Vote an answer

Question #14

Your client wants to create an efficient way of distributing costs to various accounts and minimize manual data entry. One way of accomplishing this is to use model journal entries. Which statement best distinguishes a percent model journal entry from other model journal entries?

A. The document type should be percent for a percent model.

B. It is designated as a percent JE in the explanation field.

C. You cannot create percent model journal entries.

D. The document type is JX.

E. The document type is JE, but percent follows all the amounts.

Discussion 0

Correct Answer: E Vote an answer

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