Latest Oracle 1z1-342 Actual Free Exam Questions & Community Discussion, Page 2

Question #15

Your client has been receiving error messages when attempting to create cash type rules for forecasting.
What are the two causes for this error?

A. The client has populated the weight factor field with a value greater than 1.
The default value is 1, but the field cannot contain a value greater than 1.

B. The Node Currency field was left blank; this field must be populated.

C. The client was trying to create a rule for a JD Edwards default cash type heading code labeled Outgoing Cash.

D. Your client was trying to create a rule for a cash type they created in UDC 09/CT with the number 10 populated in the Special Handling code field.

E. The client has not updated the status of the rule; only cash type rules with an active status are used to forecast data.

Discussion 0

Correct Answer: A,C Vote an answer

Question #16

You have a clearing account that is out of balance and you elect to use the Debit/Credit Match program to assist in the reconciliation. Which four steps are required?

A. Reconciling void payments and receipts.

B. Manually Reconciling transactions.

C. Refreshing account information in the Account Ledger Reconciliation table.

D. Running the Bank Journal Statement Process.

E. Unreconciling transactions when needed.

Discussion 0

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

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Question #17

Information can be exported from a grid to which types of files? (select 3)

A. Acrobat file

B. Exporting from the grid is not allowed

C. Excel spreadsheet

D. Comma Separated Value (CSV) file

E. Word document

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #18

You were asked to map the different category codes in the Address Book, Business Unit Master and Account Master. Which of the following statements is TRUE?

A. There are 30 category codes in the Address Book, 50 codes in the Business. Unit Master and 43 category codes in the Account Master tables

B. There are 30 three-position category codes in the Business Unit Master table.

C. The first ten category codes in the Account Master table are shared between Accounts Payable and Accounts Receivable.

D. All category codes validate against the F0008 table.

E. Ail category code fields must have numeric values.

Discussion 0

Correct Answer: A Vote an answer

Question #19

Your client wants to utilize the subledger field to track costs in their general ledger. In what way do transactions with subledgers differ from transactions without subledgers?

A. Subledger transactions post to different object accounts rather than the same accounts.

B. Transactions with subledgers create additional records in the Account. Balance table when the posting edit code is set to do so.

C. Transactions with subledger always create additional records in the Account Balance table.

D. Subledger transactions create additional records in the Account Master table.

E. Subledger accounts are always a permanent part of your chart of accounts.

Discussion 0

Correct Answer: C Vote an answer

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Question #20

Your client ran the "Companies in Balance" [R097001] integrity report and requires assistance in interpreting the report.
What process do the Companies in Balance integrity perform?

A. locates batches posted out of balance

B. ensures that the intercompany is In balance

C. deletes batch header records with no detail records

D. updates the batch status of a batch header record to D If the detail records in the Accounts Receivable Ledger, Accounts Payable Ledger, and Account Ledger batches are posted, but the header record has an unposted status

E. lists all companies and if an amount appears In a column, the company is out of balance

Discussion 0

Correct Answer: E Vote an answer

Question #21

The repost program R099102, Is used to re-create balances based upon the F0911 transactions. The batch does which two of the following in update mode?

A. sets the periods 1 to 14 to zero and recalculates the balances for these periods based upon the F0911-transactions

B. deletes the F0902 records, based upon the data selection and recreates these records with balances based upon the F0911-transaction

C. sets the period involved to zero and recalculates the balance for this period

D. includes posted and non-posted transactions of the general ledger F0911

E. prints a report that shows the period amount of an account in the F0911 versus the F0902

Discussion 0

Correct Answer: B,E Vote an answer

Question #22

Which of the following statements is TRUE about the fast path?

A. Consultants should advise customers to use the fast path.

B. Security does not work when the fast path is used.

C. Users cannot specify a specific version of an application via the fast path.

D. Reports can be submitted by entering the report number in the fast path.

E. The fast path is used to access applications

Discussion 0

Correct Answer: E Vote an answer

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Question #23

Your client defined an organization report structure assigning category codes to business units for online consolidations. They have run the Organization Structure Build program in proof mode and the report displays the business units that are dynamically created as a concatenation of category codes. Your client is concerned because they have the processing options set to dynamically create business units using next numbering.
After troubleshooting the problem, what message will you relay to your client?

A. In proof mode, any business units that are dynamically created appear on the report as a concatenation of category codes, regardless of the setting of the BU Creation processing options.

B. The Sequence fields that define where child business units appear under the parent were left blank when the organization structure was defined. These fields must be defined for the Organization Structure Build program to function as designed.

C. The check box for concatenating category codes for new business units was flagged on in the Organization Structure Definition program (P0050B) for the structure defined by the client. This setting is overriding the processing option in the Organization Structure Build program.

D. The Pseudo Consolidation Company processing option in the Organization Structure Build program was left blank. This processing option points the system to the correct next number by company sequence.

Discussion 0

Correct Answer: A Vote an answer

Question #24

Your client posted some Invoice batches with taxes but failed to set up the General Ledger Post Report program (R09801) to update the tax table.
Which two solutions should you provide?

A. Manually enter information into the Tax Table.

B. Revise the posted batch by entering tax information as an additional pay item using the tax-only explanation codes (ST, UT, VT, BT, or CT), or enter a new tax-only transaction and post the batch.

C. To update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information.

D. After the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table.

Discussion 0

Correct Answer: A,D Vote an answer

Question #25

Which two observations are true about the AutoSuggest function?

A. it is a system wide function

B. it cannot be turned off

C. It can be turned off via a Form Exit

D. it is a user preference

E. it can be turned on per application

Discussion 0

Correct Answer: A,E Vote an answer

Question #26

What program is used to change the location of an asset?

A. Business Unit Master

B. It is not possible to transfer an asset once it is established in a location

C. Branch/Plant

D. Location Transfer

Discussion 0

Correct Answer: D Vote an answer

Question #27

You have been tasked with helping your client configure manual and bank statement processing for a new implementation. Your client has informed you that they want to use a different value than 'R' for the reconciliation code.
Which two items should you address with your client?

A. The Auto Reconcile Void Payment (R09551) and Auto Reconcile Void Receipt (R09552) programs use the default reconciliation code of 'R'. You cannot change the reconciliation code for these programs.

B. The Debit/Credit Match Reconciliation program (P09131) must use the reconciliation code of *R\ You cannot change the reconciliation code for this program.

C. When using multiple reconciliation codes, duplicate AAI ranges must also be created to prevent system errors.

D. Because your client is using bank statement processing, they cannot use values 'A' or 'D* because they are used by the Bank Statement programs.

E. All the one-digit values in UDC 09/RC are hard-coded. You must select and add a two-digit code if using a different reconciliation code than 'R'.

Discussion 0

Correct Answer: A,C Vote an answer

Question #28

Your client is using the Credit Hold process orders from Credit Hold?

A. Order Hold Information P42090

B. Release Held Orders P43070

C. Speed Status Change P03B114

D. Standard Invoice Entry P03B2002

E. Check Credit P42050

Discussion 0

Correct Answer: B Vote an answer

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