Latest Oracle 1z1-342 Actual Free Exam Questions & Community Discussion, Page 4

Question #43

Your client is required to produce a trial balance that compares 'Actual" and "Budgets". You recommend they use the Trial Balance Ledger Comparison application. How is the 'Thru" date derived on this Find/Browse form?

A. The "Thru" date is driven by the Financial Reporting Period in the General Accounting Constant.

B. The user must enter the "Thru" date.

C. The "Thru" date is driven by the Financial Reporting Period in the Company Constant.

D. The "Thru" date is driven by the General Accounting Current Period in the Company Constant.

Discussion 0

Correct Answer: B Vote an answer

Question #44

Which program must be run to create sales Invoices in the Accounts Receivable system?

A. the Invoice Journal program (R03B305)

B. the Sales Update program (R42800)

C. the Invoice Generation program (R48121)

D. the Invoice Print program (R03B305)

Discussion 0

Correct Answer: B Vote an answer

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Question #45

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

A. GLG4 retained earnings, GLG12 ending profit and loss, and the ICCC intercompany account

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

C. GLG4 retained earnings and GLGxx for all GL accounts

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

E. GLG4 retained earnings and FSxx Interim subtotals

Discussion 0

Correct Answer: C Vote an answer

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Question #46

The JD Edwards Enterprise One Financials Data Relationships available in release 9.0 will simplify master data entry and increase the accuracy of master data attributes, which in turn will Increase reporting accuracy.
What are two applications/tables supported by Data Relationships?

A. Accounts Payable Master

B. Company Master

C. Job Cost Master

D. Business Unit Master

Discussion 0

Correct Answer: C,D Vote an answer

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Question #47

A client uses multiple banks' accounts in their Accounts Payable System. The client wants the correct bank account number to be supplied by the system when they enter vouchers. What is the best choice to accomplish this function?

A. Set up G/L offset hi Supplier Billing and set up PByyyy and PCyyyy.

B. Set up G/L offset in the Supplier Master and set up PCyyyy only.

C. Set up 6/L offset in the Supplier Master and set up PByyyy only.

D. Set up G/L offset in the Supplier Master and set up PByyyy and Pcyyyy.

E. Set up bank account information to override PB.

Discussion 0

Correct Answer: D Vote an answer

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Question #48

Your client is using Multi-Currency.: What designates an invoice as Foreign?

A. The currency field contains a different value from the Base field.

B. The Currency field is foreign.

C. An exchange rate exists on the invoice.

D. The revenue account you assign to the-invoice designates it as foreign.

E. The currency field contains the same value as the Base field.

Discussion 0

Correct Answer: C Vote an answer

Question #49

Which are methods of Accounts Payable's Voucher Match process? (select 2)

A. Four Way Match

B. Two Way Match

C. Three Way Match

D. One Way Match

Discussion 0

Correct Answer: B,C Vote an answer

Question #50

After reviewing the Ledger Type Rules Setup, your client has requested that you help them change their AA ledger to allow direct balance updates. This will save them time during month-end close.
Which item will you relay to your client?

A. Amount and corresponding unit ledgers must both be updated or error messages will be displayed; for example, if allowing direct balance updates for the AA ledger you must also allow direct balance updates to the AU ledger.

B. You may deselect the Prevent Direct Balance Update check box for the AA ledger; however, similar to the creation of a one-sided journal entry, allowing direct balance updates to the AA ledger should be used with extreme caution and restricted to only senior levels of the organization.

C. The Prevent Direct Balance Update check box must be selected for the AA ledger.

D. Once initially set, the Prevent Direct Balance Update check box cannot be changed for any ledger type.

E. Instead of changing the Ledger Type Setup, simply navigate to the budget programs, change the ledger type from BA to AA and make necessary updates. This will eliminate the need to continually update the Prevent Direct Balance Update check box.

Discussion 0

Correct Answer: C Vote an answer

Question #51

Which of the following statements is TRUE about the AutoPopulate function?

A. The AutoPopulate function can be turned off via a Form Exit.

B. The AutoPopulate function can be turned on via a Row Exit.

C. The AutoPopulate function is a system wide function.

D. The AutoPopulate function cannot be turned off.

E. The AutoPopulate function can be turned on per application.

Discussion 0

Correct Answer: D Vote an answer

Question #52

When you try to reprint a customer's Invoice for finance charges, the Print Invoice (R03B505) PDF displays error message 'No Data Selected".
Which data selection needs to be removed in order for the Print Invoice (R03B505) UBE to reprint this customer's Invoice for finance charges?

A. Address Number (F03B11) equal to xxx (where xxx is the Customer Number Address Book Number on the invoice)

B. Open Amount (F03B11) equal to greater than zero

C. Company Number (F03B11) equal to xxx (where xxx is the Company Number on the invoice)

D. Document Type (F03B11) equal to RF

E. Date- Invoice Printed (F03B11) equal to Null Date

Discussion 0

Correct Answer: C Vote an answer

Question #53

From which two tables does the One View Customer Ledger Inquiry application (P03B2022) combine information?

A. Customer Ledger table (f03bii) and Customer Line of Business Master table (F03012)

B. Customer Ledger table (f03bii) and Customer Receipts Detail (F03B14)

C. Customer Ledger table (F03B11) and Business Unit Master (F0006)

D. Customer Ledger table (f03bii) and Customer Receipts Header (F03B13)

Discussion 0

Correct Answer: A,B Vote an answer

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Question #54

The Batch-program 'Identify New Entries' does which two of the following?

A. creates new fixed assets master records

B. makes the program 'Revise Unposted Entries1 find FA entries quicker

C. posts amounts to the Fixed Assets Ledger

D. updates the General Ledger table F0911

E. reconciles the General Ledger to the Fixed Assets Balances

Discussion 0

Correct Answer: B,D Vote an answer

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Question #55

Your client is requesting that an error message be created when trying to void those Vouchers with Purchase Orders. Select two programs that would be controlled by processing options to disallow void of vouchers created with Purchase Orders.

A. Speed Voucher Entry

B. Standard Voucher Entry

C. Supplier Payment Inquiry

D. Supplier Ledger Inquiry

E. Supplier Master Information

Discussion 0

Correct Answer: B,D Vote an answer

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Question #56

Which three statements are TRUE about Visual Assists?

A. A Visual Assist is not always available for all entry fields In JDE.

B. A Visual Assist will automatically populate the entry field with the correct value.

C. A Visual Assist Is available for all entry fields in JDE.

D. A Visual Assist will reduce the errors made during data entry.

E. A Visual Assist will guide the user in selecting a valid value for an entry field.

Discussion 0

Correct Answer: A,D,E Vote an answer

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