Latest Oracle 1z1-342 Actual Free Exam Questions & Community Discussion, Page 5

Question #57

To increase efficiency, your client almost exclusively creates Journal entries using Model JEs, Importing JEs, and copying existing JEs. An audit revealed they have several records with zero amounts and units In their Account Ledger (F09ii) table.
Which action will help address your client's issue?

A. After populating the Journal entry form using any method, click the Form Exit and select Features. Then select the check box to not create journal entry line items with zero amount and no units.

B. Set the processing option in the General Ledger Post program (R09801) to not create journal entry line items with zero amount and no units.

C. The system is not designed to determine which Journal Entry lines to include or exclude. Your client must delete zero amount and no unit lines prior to saving journal entries to prevent them from populating the Account Ledger (F0911) table.

D. Set the processing option in the Journal Entry MBF program (P0900049) to not create journal entry line items with zero amount and no units.

E. Set the processing option in the Journal Entry program (P0911) to not create journal entry line items with zero amount and no units.

Discussion 0

Correct Answer: A Vote an answer

Question #58

Your customer wants to Implement Advance Variable Numerator Allocations. What specifications should you set up to accomplish this?

A. Source; Basis; Destination; Offset

B. Source; Destination; Offset

C. Source; Recurring frequency; Offset

D. From BU; To BU, Offset account

Discussion 0

Correct Answer: A Vote an answer

Question #59

Your client split several assets purchased in a prior year using the Asset Split program. After Inquiring into the account ledger table (F0911), the client couldn't find any entries in the month the assets were split.
Why did this happen?

A. For assets split in the current year, the GL date for the period that the split takes place is used. If no entries exist in the period, the client most likely cancelled out of the application before creating the split.

B. The system creates journal entries on the last day of the prior year with a document type AS for assets that existed in a prior year.

C. The system does not create journal entries for asset splits because it is a net zero transaction; the balances remain the same, only additional asset numbers are created.

D. When entering an asset split you are required to enter a G/L date: the period when the entries are created and posted. The system is configured to automatically post entries. The client has been erroneously searching for an unposted batch.

Discussion 0

Correct Answer: C Vote an answer

Question #60

Your client does not want their A/P department to pay duplicate supplier Invoices. Which action will prevent users from entering duplicate Invoice numbers?

A. Change the Duplicate Invoice number edit field on the A/P Constants (P0000) form to disallow duplicate invoice numbers.

B. Change the processing option for the standard Voucher entry program (P0411) to disallow duplicate invoice numbers.

C. Change the processing option for the Standard Voucher Entry (P0411) form to add a check digit to the invoice number.

D. Change the Duplicate Invoice Number Edit field on the A/P Constants (P0000) form to Issue a warning if a user enters a duplicate invoice number.

Discussion 0

Correct Answer: D Vote an answer

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Question #61

What three AAIs can be set up for revenue recognition?

A. 4243 DMAAI

B. RT AAI

C. 4225 DMAAI

D. RQ AAI

E. RP AAI

Discussion 0

Correct Answer: C,D,E Vote an answer

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Question #62

As part of month-end closure, you run Accounts Payable Integrity reports to validate the accuracy of your data.
Which integrity report compares the Gross Amount and the Open Amount in the Accounts Payable Ledger (F0411) to the Paid Amount in the Accounts Payable Matching Document Detail (F0414)?

A. AP to GL Integrity by Batch Report (R04701)

B. AP Payments to GL by Batch Report (R04702A) O E) AP Payments to GL Integrity Report (R04712)

C. AP to GL Integrity with Adjustments Report (R04711)

D. AP Payments to Voucher Integrity Report (R04713)

Discussion 0

Correct Answer: A Vote an answer

Question #63

You have created a Deduction record. What occurs in the system when you post the batch?

A. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of I.

B. The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.

C. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

D. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of DB.

E. The system creates records in the Deduction Management table.

Discussion 0

Correct Answer: B Vote an answer

Question #64

A client needs to print attachments as part of payments. Where do you set the processing option to turn on
"print attachments"?

A. Cash Requirements program

B. Work with Payment Groups

C. The Speed Release program

D. Create Payment Groups

E. Payment instrument defaults

Discussion 0

Correct Answer: E Vote an answer

Question #65

Your client has had some data Integrity Issues between the F1202 and F0902 tables. The Issues have been Isolated and were caused by a staff member directly updating the asset balances table. Your client confirmed the F1202 balances are correct and is asking for instruction on correcting the F0902 balances.
Select the option that will resolve your client's problem.

A. Create and post a negative journal entry to the G/L to correct the F0902 balances and then post the entry to fixed assets.

B. Create and post a journal entry to the G/L to correct the F0902 balances and then post the entry to fixed assets. Then void and post the journal entry to the G/L and revise the hold or pass code on the void journal entry to permanently prevent It from posting to fixed assets.

C. Create and post a journal entry to the G/L to correct the F0902 balances and then revise the hold or pass code on the journal entry to permanently prevent it from posting to fixed assets.

D. Use a common data file utility program to update the F0902 balances.

E. Directly update the F1202 balances with negative amounts to correct the errors.

Discussion 0

Correct Answer: C Vote an answer

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Question #66

While analyzing the transaction history for a supplier, you review the vouchered year to date amount In the Supplier Master record. Which of the following options describes the currency in which the system displays this amount?

A. The currency associated with Company 00000.

B. The currency in which the vouchers were paid.

C. The currency defined In the Default Code field of the Supplier Master.

D. The domestic currency of the company where the vouchers were entered.

E. The currency defined In the A/B Amount Code field of the Supplier Master.

Discussion 0

Correct Answer: E Vote an answer

Question #67

Which of the following statements is TRUE about processing options?

A. When a report run is finished the processing options will be restored to the default value.

B. Changes made to processing options are logged for future reference.

C. The user can perform an audit trail on processing option changes.

D. Changes made to processing options will be saved immediately.

E. Access to processing options cannot be secured.

Discussion 0

Correct Answer: A Vote an answer

Question #68

When your client runs the Tax Summary Report (R0018P) for the first time and no data appears. You immediately check the Tax Table (F0018) and find it empty. Which of the following has not been set up?

A. The processing option In the Auto Payments Update program

B. The Tax Authority in the Address Book program.

C. The processing option In the post program, to update the tax table

D. The Supplier Master program, to update the tax table

E. The Tax Rules by Company program.

Discussion 0

Correct Answer: C Vote an answer

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Question #69

You notice that some customer Invoices have a 1 In the Revisions Made field. Which three statements are correct about the Revisions Made field?

A. When you change the gross amount of a posted Invoice or void an Invoice, the system stores the revision information in the Invoice Revisions table (F03B112).

B. This field is in the F03B11 table and labeled A/R Post Status (ISTR).

C. To review how an invoice was revised, use Revisions Audit.

D. The system updates the Revisions Made field to 1 for the first revision, and then updates the field sequentially by 1 for each additional revision made to an invoice.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #70

Identify three differences between mobile and standard applications.

A. Using the Invoice Batch Approvals mobile applications, you do not have visibility to review or edit text and image attachments associated with Invoice entries.

B. Using the Invoice Batch Approvals mobile applications, you can review text and Image attachments associated with invoice entries. You cannot revise existing attachments or add new attachments.

C. Using the Invoice Batch Approvals mobile applications, you can review batches of Invoice entries and the transaction details in each invoice. You cannot revise existing invoice details or add invoices to a batch.

D. The Invoice Batch Approvals mobile applications are set up to process and display only those Invoice batches that are In approved status.

E. The Invoice Batch Approvals mobile applications are set up to process and display only those invoice batches that are in pending status.

Discussion 0

Correct Answer: B,C,D Vote an answer

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