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

Exam Code/Number: 1z1-342
Exam Name/Title: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: JD Edwards Financial Management

Exam Questions: 162
Updated On: Jul 12, 2026

Question #29

Your client would like to know if they should set up additional customer records or use Line of Business processing.
Why would you want to activate Line of Business processing?

A. To use a different default business unit for invoice entry.

B. To establish multiple Address Book records.

C. To establish a credit limit hierarchy by company.

D. To set up multiple sets SIC values for the customer.

E. To set up multiple sets of default information for the customer by company.

Discussion 0

Correct Answer: E Vote an answer

Question #30

Which three are elements of Asset Depreciation?

A. Net Historical Value

B. Accumulated Depreciation

C. Cost Basis

D. Salvage Value

E. Liability on Balance Sheet

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question #31

Which three options are available if a component already exists in the target environment, when you import a statement definition?

A. replacing all components

B. skipping existing components

C. renaming duplicates

D. creating duplicates

E. prompting for each existing component

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #32

Your client wants to use the fastest method to enter high-volume, simple voucher entries. What Voucher Entry would you recommend to your client to use?

A. Voucher Logging Entry

B. Speed Voucher Entry

C. Standard Voucher Entry

D. Multi-Company, Single-Supplier

E. Multi-Voucher, Multi-Supplier

Discussion 0

Correct Answer: B Vote an answer

Question #33

You are m a System Integration meeting and the client is concerned about the different type of records that are kept In the Business Unit Master table (F0006). Which types of records are NOT kept in the Business Unit Master table?

A. Asset Master table for Fixed Assets

B. Property Master table for Energy Chemical systems

C. Property Master table for Property Management

D. Master table for financial reporting

E. 3ob Master table for Job Cost

Discussion 0

Correct Answer: A Vote an answer

Question #34

You ran the application A/R Statistical History Update program (R03B16A). Which table does the system use to display information on the Account Statistical Summary Form?

A. F03B16

B. F03B16S

C. F03B15

D. F03B21

E. F03B11

Discussion 0

Correct Answer: B Vote an answer

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Question #35

Which option shows the correct steps for processing automatic payments?

A. Create payment groups. Copy bank tape file, and Void payments and vouchers

B. Create payment groups. Work with payment group, Copy bank tape file, and Void payments and vouchers

C. Create payment groups. Copy bank tape file. Work with payment group, and Void payments and vouchers

D. Create payment groups, Void payments and vouchers. Work with payment group, and Copy bank tape file

Discussion 0

Correct Answer: C Vote an answer

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Question #36

When are Fixed Asset entries posted to the General Ledger? (select 2)

A. Whenever the General Ledger post program is run, regardless of the application for which it is run

B. Information from Fixed Assets does not flow to the General Ledger

C. When an asset is acquired

D. When disposing of an asset

Discussion 0

Correct Answer: C,D Vote an answer

Question #37

Your client submitted the Annual Close application to close their fiscal year. When you dose a fiscal year, which AAI Items does the system use?

A. GLG4 retained earnings, GLG12 ending profit and loss, and GLG7 year-end close account

B. GLG4 retained earnings, GLG12 ending profit and loss, and the ICCC Inter-company account

C. GLG4 retained earnings, GLG6 beginning revenue account and GLG12 ending profit and loss

D. GLG4 retained earnings and FSxx interim subtotals

E. 6LG4 retained earnings and GLGxx all GL accounts

Discussion 0

Correct Answer: C Vote an answer

Question #38

Your client recently moves their corporate office to a foreign country. The company, as of the New Year, is required to provide fixed asset depreciation in a different currency.
How should you set this up?

A. Add a new depreciation formula.

B. Run reports in the new currency.

C. Add a G/L account in the new currency.

D. Add a depreciation book for the new currency.

Discussion 0

Correct Answer: A Vote an answer

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Question #39

What are the required steps to set up column definition?

A. Enter Required Attributes; Enter Optional Attributes; Define Column Data Selection; Add Category Code Values

B. Enter Required Attributes; Enter Optional Attributes; Define Column Data Selection; Add Category Code Values; Set Column Definition Status

C. Enter Required Attributes; Set Column Definition Status

D. Enter Optional Attributes; Set Column Definition Status; Define Column Data Selection

Discussion 0

Correct Answer: B Vote an answer

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Question #40

What two ways can a user access the submitted jobs?

A. by typing 'Jobs' in the fastpath of a Web Client D C) by selecting Submitted Jobs from the menu

B. by selecting 'My System Profile' from the menu

C. by entering 'BV' in the fastpath of a Web Client and selecting a form exit

D. by taking a form exit from the Address Book

Discussion 0

Correct Answer: B,C Vote an answer

Question #41

What should you do to change the method of allocation for an existing recurring journal entry from amount to percent?

A. Change the recurring frequency of the allocation journal.

B. Create different versions of the Recurring JE Compute & Print program.

C. Delete the recurring journal and add a new one.

D. Change the method on the remaining number of recurring journals.

Discussion 0

Correct Answer: C Vote an answer

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Question #42

Which are true statements about the Parent Company? (select 3)

A. It is the lowest level of the reporting structure

B. A Balance Sheet can be produced at the Parent Company level

C. It is the highest level of the reporting structure

D. The Fiscal Year Pattern is defined at the Parent Company level

E. A Balance Sheet can NOT be produced at the Parent Company level

Discussion 0

Correct Answer: B,C,D Vote an answer

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