Oracle 1Z0-342 Online Practice Questions and Exam Preparation

Oracle 1Z0-342 Online Questions & Answers

• Question 1:

  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. Supplier Payment Inquiry
  B. Supplier Master Information
  C. Supplier Ledger Inquiry
  D. Speed Voucher Entry
  E. Standard Voucher Entry
  C. Supplier Ledger Inquiry
  E. Standard Voucher Entry

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  Explanation/Reference:

  http://www.google.com/url?sa=tandsource=webandcd=1andsqi=2andved=0CBUQFjAAandurl=http%3 A%2F%2Fwww.oracle.com%2Fus%2Fproducts%2Fapplications%2Fjd-edwards- enterpriseone% 2Findex.htmlandei=M7JDTueDFcjKtAaPwP3yBwandusg=AFQjCNFPDWPl6cP FrgjUNanUnh6Q5AmHyA

• Question 2:

  Which three of the following pieces of information can be captured in the Address Book?

  A. Outstanding amount for customers
  B. Default Document Type
  C. A/R A/P Netting Default
  D. Tax ID
  E. Subledger Inactive Code
  C. A/R A/P Netting Default
  D. Tax ID
  E. Subledger Inactive Code

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  Explanation/Reference:

  download.oracle.com/docs/cd/E13781_01/jded/.../e190AJC-B0908.pdf

• Question 3:

  Describe the function of the Fiscal Date Pattern.

  A. It defines the beginning date for the fiscal year and the ending date for each period in that year.
  B. It defines all of the years that the company has been in business and future years for which the company expects to do business.
  C. It defines the beginning date for the calendar year and the ending date for each period in that year.
  D. It defines the beginning date for the calendar year and the ending date for each fiscal period in that year.
  A. It defines the beginning date for the fiscal year and the ending date for each period in that year.

• Question 4:

  Which two observations are true about the AutoSuggest function?

  A. it cannot be turned off
  B. it is a user preference
  C. it is a system wide function
  D. it can be turned on per application
  E. It can be turned off via a Form Exit
  C. it is a system wide function
  D. it can be turned on per application

• Question 5:

  Which three statements are accurate when entering the GL Distribution account coding on an invoice with taxes?

  A. If the account is not set up as taxable and you enter a 1 in the Track Taxes field, the system automatically changes the value to 0.
  B. The system updates the F0016R tax table with tax information for the account if the Track Taxes field is populated.
  C. The system automatically updates the Track Taxes field to 1 if the account Is set up as taxable and at least one pay item on the invoice has taxes.
  D. If you do not want to track taxes for the account, change the value in the Track Taxes field to 0.
  E. The Track Taxes field cannot be edited unless the Processing Option - Allow Tax Tracking Is flagged on.
  A. If the account is not set up as taxable and you enter a 1 in the Track Taxes field, the system automatically changes the value to 0.
  C. The system automatically updates the Track Taxes field to 1 if the account Is set up as taxable and at least one pay item on the invoice has taxes.
  D. If you do not want to track taxes for the account, change the value in the Track Taxes field to 0.

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  Explanation/Reference:

  Reference:

  https://docs.oracle.com/cd/E16582_01/doc.91/e15153/taxinfo_on_order_transactns.htm#E OATP00198

• Question 6:

  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. Enter a journal entry reversal the first day of the next period.
  C. Enter a journal entry reversal the last day of the next period.
  D. A reversal journal will cause duplicate journal entries.
  E. Journal Entry Reversal functionality is commonly used for entering accrual journal entries
  B. Enter a journal entry reversal the first day of the next period.
  C. 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

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  Explanation/Reference:

  download.oracle.com/docs/cd/B28728_01/jded/acrobat/xeeamo.pdf

• Question 7:

  JD Edwards EnterpriseOne is known for providing a low TCO. What does TCO mean?

  A. Total Cost of Operations
  B. Total Cost of Ownership
  C. Technical Cost of Operating
  D. Technical Cost of Ownership
  B. Total Cost of Ownership

• Question 8:

  When you enter a foreign voucher with VAT tax using the Standard Voucher Entry application, the system triggers error 0960: VAT not allowed with Currency Code. What setting is required to allow this type of transaction to be entered?

  A. The Company must be set up to allow VAT tax on foreign vouchers.
  B. The Tax Rate/Area must be set up to allow VAT tax on foreign vouchers.
  C. The Standard Voucher Entry application processing option needs to be flagged to allow foreign transactions with VAT tax.
  D. The Voucher Master Business Function processing option needs to be flagged to allow foreign transactions with VAT tax.
  E. The Tax Rules by Company must be set up to allow VAT tax on foreign vouchers.
  C. The Standard Voucher Entry application processing option needs to be flagged to allow foreign transactions with VAT tax.

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E16582_01/doc.91/e15123/enterforeigncurrvouchers.htm#EOA MP00517

• Question 9:

  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. Company Number (F03B11) equal to xxx (where xxx is the Company Number on the invoice)
  B. Open Amount (F03B11) equal to greater than zero
  C. Document Type (F03B11) equal to RF
  D. Address Number (F03B11) equal to xxx (where xxx is the Customer Number Address Book Number on the invoice)
  E. Date- Invoice Printed (F03B11) equal to Null Date
  A. Company Number (F03B11) equal to xxx (where xxx is the Company Number on the invoice)

• Question 10:

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

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E64610_01/EOARW/define_col_structures.htm#EOARW128