1Z0-342 Real Exam Questions and Verified Answers

Question 1 Multiple choice

When are Fixed Asset entries posted to the General Ledger? (select 2)

A
When an asset is acquired
B
When disposing of an asset
C
Information from Fixed Assets does not flow to the General Ledger
D
Whenever the General Ledger post program is run, regardless of the application for which it is run

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Correct answers: A, B

Question 2 Single choice

The Supplier Analysis report shows Year to Date information that is inaccurate.

Why is this so?

A
The AP Annual Close has not been processed.
B
Your Data Selection in the Supplier Master report is incorrect.
C
The aging accounts are not set up in the A/P Constants.
D
The Beginning Year A/P and A/P period fields have not been updated In the Company Numbers and Names.
E
The Supplier/Customer Totals by G/L Accounts report has not been run.

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Correct answer: B

Question 3 Single choice

Your client submitted the Annual Close application to close their fiscal year.

When you dose a fiscal year, which AAI Items does the system use?

A
6LG4 retained earnings and GLGxx all GL accounts
B
GLG4 retained earnings, GLG12 ending profit and loss, and GLG7 year-end close account
C
GLG4 retained earnings, GLG12 ending profit and loss, and the ICCC Inter-company account
D
GLG4 retained earnings and FSxx interim subtotals
E
GLG4 retained earnings, GLG6 beginning revenue account and GLG12 ending profit and loss

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Correct answer: E

Question 4 Single choice

Your client requires that their A/P department not pay duplicate supplier Invoices.

Which action will prevent users from entering duplicate invoice numbers?

A
Change the processing option for the Standard Voucher Entry form to add a check digit to the invoice number.
B
Change the Duplicate Invoice Number Edit field on the A/P Constants form to issue a warning if a user enters a duplicate invoice number.
C
Change the Duplicate Invoice number edit field on the A/P Constants form to disallow duplicate invoice numbers.
D
Change the processing option for the standard Voucher entry program to disallow duplicate Invoice numbers.

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Correct answer: B

Question 5 Multiple choice

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
Company Master
B
Business Unit Master
C
Job Cost Master
D
Accounts Payable Master

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Correct answers: B, C

Explanation

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

Question 6 Multiple choice

You can enter journal entries that automatically reverse in the following accounting period.

Which two possible G/L dates could the system assign to the reversing entry?

A
The last day of the current accounting period
B
The last day of the first week of the next accounting period
C
The last day of the next accounting period
D
The 15th day of the next accounting period
E
The first day of the next accounting period

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Correct answers: C, E

Question 7 Multiple choice

Which three statements are true about customizing the grid?

A
The color of columns can be customized.
B
The same column can be made to appear multiple times in a grid.
C
The font of columns can be customized.
D
The width of columns can be customized.
E
The sequence of columns can be customized.

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Correct answers: A, D, E

Explanation

Explanation: download.oracle.com/docs/cd/E17984.../ww_rep_prnt_tech.htm

Question 8 Single choice

Which Automatic Accounting Instruction (AAI) hierarchy determines the GL Bank Account when you add a new voucher?

A
Option A
B
Option B
C
Option C
D
Option D

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Correct answer: B

Question 9 Single choice

What should you do to change the method of allocation for an existing recurring journal entry from amount to percent?

A
Change the recurring frequency of the allocation journal.
B
Change the method on the remaining number of recurring journals.
C
Delete the recurring journal and add a new one.
D
Create different versions of the Recurring JE Compute & Print program.

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Correct answer: C

Explanation

References:
https://docs.oracle.com/cd/E16936_01/e1apps812pbr0/eng/psbooks/1aga/chapter.htm?File=1aga/htm/1aga15.htm

Question 10 Multiple choice

Your client wants to set up batch approval and post security for the Accounts Payable system without preventing any users from reviewing batches.

Which three items will help your client complete this task?

A
Update the System Constants for the General Ledger and Accounts Payable systems to require Manager Approval of Input.
B
Update the processing options for A/P versions of the General Ledger Post program (R09801).
C
Update the System Constants for the Accounts Payable system to require Manager Approval of Input.
D
Update the System Constants for General Ledger and Accounts Payable systems to the setting Batch Control Required.
E
Update the Work with User Security/Role form (P00950) to include Batch Approval and Post for A/P users.
F
Update the Batch Approval/Post Security Constants for A/P Batch Security.
G
From the Batch Approval/Post Security Constants form, set up Approved and Secured Users.

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Correct answers: B, D, F