Latest Oracle 1z1-342 Actual Free Exam Questions & Community Discussion, Page 6

Question #71

At what stage should you use the voucher match automation process to match partial receipts?

A. The Supplier Master record Is flagged to allow matching of Invoices to partial receipts, automation rule
02 is being used, and Suggest Mode is flagged on in the Supplier Master record.

B. The Supplier Master record is flagged to allow matching of invoices to partial receipts, and automation rule 01 is being used.

C. The Supplier Master record is flagged to allow matching of invoices to partial receipts, and automation rule 02 is being used.

D. You cannot match to partial receipts using the voucher match automation process.

E. The Supplier Master record is flagged to allow matching of invoices to partial receipts, automation rule
01 is being used and Suggest Mode is flagged on in the Supplier Master record.

Discussion 0

Correct Answer: C Vote an answer

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Question #72

Your client is attempting to track taxes for certain voucher pay Items; however, the tax information details for the accounts are not being created.
Which two items will you have your client correct?

A. The client is using tax explanation codes ST and VT that are only valid for invoices and not vouchers.

B. The client is reviewing information in the F0018R table; allocated tax amounts from the F0911 reside in the F0911 table.

C. The general ledger accounts Input on the GL Distribution form are not set up as taxable.

D. The client is updating the Track Taxes field on the voucher GL Distribution to a value of 2.

E. The client is populating the taxable amount field when manually creating vouchers, to track taxes.
The gross amount field should be populated to allow the system to calculate and track the taxes.

Discussion 0

Correct Answer: A,D Vote an answer

Question #73

Describe the function of the Fiscal Date Pattern.

A. It defines the beginning date for the calendar year and the ending date for each fiscal period in that year.

B. It defines the beginning date for the calendar year and the ending date for each period in that year.

C. It defines the beginning date for the fiscal year and the ending date for each period in that year.

D. It defines all of the years that the company has been in business and future years for which the company expects to do business.

Discussion 0

Correct Answer: C Vote an answer

Question #74

Your client would like view Periodic Stats by customer. Which screen do you use to select Periodic Information from Row Menu?

A. Customer Master Information

B. Account Statistic History

C. Speed Status Change

D. Standard Receipt Entry

E. Account Balance Inquiry

Discussion 0

Correct Answer: A Vote an answer

Question #75

Which is becomes part of the header information when an invoice is entered through standard invoice entry?

A. Invoice Date

B. Supplier Number

C. Payment Term

D. Employee Number

Discussion 0

Correct Answer: A Vote an answer

Question #76

You are going through the month-end close process. When you are posting, you receive a PACO message.
What condition caused this message?

A. entering a G/L date that is not the last day of the month

B. entering a G/L date that is at least two periods in the future

C. entering a G/L date that Is In the next period

D. entering a G/L date that is in a prior fiscal year

E. entering a G/L date prior to the current period

Discussion 0

Correct Answer: B Vote an answer

Question #77

Which four steps does the system perform when the Credit Reimbursements program (R03B610) is run in final mode?

A. Changes the pay status on the invoices to A

B. Creates a batch of receipts {batch type RB), which you must post.

C. Creates a batch of vouchers (batch type V), which you must post.

D. Creates a voucher in the Accounts Payable Ledger table (F0411) with a document type NO.

E. Creates a receipt in the Receipts Header (F03B13) and Receipts Detail (F03B14) tables to close the selected invoices.

F. After posting the receipt batch, the system debits the A/R trade account and credits the suspense account specified by the AA1 item RN.

Discussion 0

Correct Answer: B,C,E,F Vote an answer

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Question #78

You have created a credit invoice and need to find the record in the Customer Ledger Inquiry screen (R03B2002). Which document type will you add to the QBE line to help you find the record?

A. RD

B. RM

C. RI

D. RF

Discussion 0

Correct Answer: B Vote an answer

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Question #79

What three conditions must exist In order for one to use the Composite Application Framework?

A. You should have the permission to publish content.

B. You should be enabled to view the layout of the Composite Application Framework.

C. Your Enterprise One preferences should have the Show Layout option selected.

D. You should have access to Object Management Workbench (OMW).

E. You should have access to the content in the layout.

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question #80

Your client has loaded the F04lizi table to perform the voucher match automation process but wants to change the automation rule for one of several Invoices for the same supplier.
Which two options will help your client solve the problem?

A. Use the Batch Voucher Revisions program to delete the record from the F0411Z1 table and then add the record back with the desired automation rule.

B. Manually update the information using the P0411Z1 program for the invoice record only if Process Type is equal to 2.

C. Change the Automation Rule on the Supplier Master record.

D. Manually update the information using the P0411Z1 program for the invoice record only if Process Type Is equal to 1.

Discussion 0

Correct Answer: A,D Vote an answer

Question #81

Where should you specify the currency code for delinquency fees?

A. based on general accounting constants Multi-Currency Conversion setting

B. in the processing options of the Generate Delinquency Fee Program; by company or customer or invoice

C. in the customer's invoice

D. in the Customer Master using the AB amount currency

Discussion 0

Correct Answer: B Vote an answer

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Question #82

Which three statements related to the Journal Entry Reversal Control functionality are TRUE?

A. Enter a journal entry reversal the last day of the previously closed period.

B. A reversal journal will cause duplicate journal entries.

C. Enter a journal entry reversal the first day of the next period.

D. Enter a journal entry reversal the last day of the next period.

E. Journal Entry Reversal functionality is commonly used for entering accrual journal entries

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #83

Your client decided to upload budgets to the system using a spreadsheet and reviewed the upload by using the Upload/Conversion Revisions program and confirmed that the upload was successful. Upon reviewing the F0902 table for budget data, the client does not find any data for the accounts uploaded.
What caused the problem?

A. The spreadsheet uploaded contained subledgers. Budgeting at the subledger level is not supported In 3D Edwards.

B. Some of the spreadsheet rows uploaded only contained account numbers but no amounts so the upload failed.

C. The client failed to purge last year's transactions before running the upload/conversion program.

D. The client failed to run the upload/conversion program.

Discussion 0

Correct Answer: C Vote an answer

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Question #84

How can you prevent automatic write-offs from being created during manual receipt entry?

A. Set the Maximum Underpayment Amount and Maximum Overpayment Amount processing options to 0 (zero) In the Manual Write Off tab on the Standard Receipts Entry (P03B102) program.

B. Leave the Apply Invoices processing option blank on the Process tab on the Standard Receipts Entry (P03B102) program.

C. Leave the Overpayment and Underpayment Reason Codes processing options blank In the Auto Write Off tab on the Standard Receipts Entry (P03B102) program.

D. Set the Maximum Underpayment Amount and Maximum Overpayment Amount fields to 0 (zero) and the Overpayment and Underpayment Reason Codes processing options to blank in the Auto Write Off tab on the Standard Receipts Entry (P03B102) program.

E. Set the Invoice Match processing option to 1 in the tab Match Priority on the Standard Receipts Entry (P03B102) program.

Discussion 0

Correct Answer: A Vote an answer

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