1Z0-342 Practice Exam — Free Oracle Certification Prep

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Question 1

Implement Accounts Receivable Components

Which three statements are true regarding the Customer Account Overview mobile application? (Choose three.)

A You may add Promise messages/comments for specific customers from your local device which automatically update the EnterpriseOne system.
B To ensure that your mobile applications are searching for and returning the correct data, you must verify that the Search Type processing option on the Details tab of the Customer Master program (P03013) is set with the correct search type. The mobile applications will return only those address book numbers that use the search type defined in this processing option.
C You may add customer contact information to your local device.
D The Customer Account Overview is only available on iOS devices and is not compatible with Android devices.
E Not all customer information available in the base software is available in the mobile applications.

Question 2

Implement Accounts Receivable Components

Question 3

Set Up Components for Accounts Payable

Question 4

Describe GL Business Process and OneView General Ledger

Question 5

Set Up Components for Accounts Payable

Question 6

Set Up Components for Accounts Payable

Question 7

Program Navigation

Question 8

Account Balance Inquiry

Question 9

Describe GL Business Process and OneView General Ledger

Question 10

Describe GL Business Process and OneView General Ledger

Question 11

Set Up Components for Accounts Payable

Question 12

Describe GL Business Process and OneView General Ledger

Question 13

Implement Accounts Receivable Components

Question 14

Set Up Components for Accounts Payable

Question 15

Implement Accounts Receivable Components

Question 16

Set Up Components for Accounts Payable

Question 17

Describe GL Business Process and OneView General Ledger

Question 18

Set Up Components for Accounts Payable

Question 19

Implement Accounts Receivable Components

Question 20

Describe GL Business Process and OneView General Ledger

Question 21

Set Up Components for Accounts Payable

Question 22

Program Navigation

Question 23

Program Navigation

Question 24

Set Up Components for Accounts Payable

Question 25

Set Up Components for Accounts Payable

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Which three steps are performed in the Match Tape File to Recorn File program (R09510) in order to reconcile the transactions? (Choose three.)

A marking as reconciled all transactions with matching document numbers and amounts, and cleared dates greater than the document date in the F0911R workfile and F0911 table
B printing four reports that show the results of the comparison and list any errors that occurred during the automatic reconciliation
C converting data from F095051 flat file to the F09505 workfile
D comparing cleared transactions from the bank tape in the F09505 to unreconciled transactions in the F0911R reconciliation workfile
E copying the unreconciled transaction detail for all reconcilable accounts from the F0911 table to the F0911R reconciliation workfile

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? (Choose three.)

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 Account Payable system to require Manager Approval of Input.
D Update the System Constants for the 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.

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 in a prior fiscal year
B entering a G/L date that is in the next period.
C entering a G/L date that is at least two periods in the future
D entering a G/L date prior to the current period
E entering a G/L date that is not the last day of the month

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 issue a warning if a user enters a duplicate invoice number.
B Change the Duplicate Invoice number edit field on the A/P Constants (P0000) form to disallow duplicate invoice numbers.
C Change the processing option for the standard Voucher entry program (P0411) to disallow duplicate invoice numbers.
D Change the processing option for the Standard Voucher Entry (P0411) form to add a check digit to the invoice number.

Question 6

Set Up Components for Accounts Payable

Question 7

Program Navigation

Question 8

Account Balance Inquiry

Question 9

Describe GL Business Process and OneView General Ledger

Question 10

Describe GL Business Process and OneView General Ledger

Question 11

Set Up Components for Accounts Payable

Question 12

Describe GL Business Process and OneView General Ledger

Question 13

Implement Accounts Receivable Components

Question 14

Set Up Components for Accounts Payable

Question 15

Implement Accounts Receivable Components

Question 16

Set Up Components for Accounts Payable

Question 17

Describe GL Business Process and OneView General Ledger

Question 18

Set Up Components for Accounts Payable

Question 19

Implement Accounts Receivable Components

Question 20

Describe GL Business Process and OneView General Ledger

Question 21

Set Up Components for Accounts Payable

Question 22

Program Navigation

Question 23

Program Navigation

Question 24

Set Up Components for Accounts Payable

Question 25

Set Up Components for Accounts Payable

Which option shows the correct steps for processing automatic payments?

A Create payment groups, Copy bank tape file, Work with payment group, and Void payments and vouchers
B Create payment groups, Work with payment group, Copy bank tape file, and Void payments and vouchers
C Create payment groups, Copy bank tape file, and Void payments and vouchers
D Create payment groups, Void payments and vouchers, Work with payment group, and Copy bank tape file

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

A The Node Currency field was left blank; this field must be populated.
B The client has not updated the status of the rule; only cash type rules with an active status are used to forecast data.
C Your client was trying to create a rule for a crash type they created in UDC 09/CT with the number 10 populated in the Special Handling code field.
D 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.
E The client was trying to create a rule for a JD Edwards default cash type heading code labeled Outgoing Cash.

Your client has decided to use journal entries to create budgets in the system. After journaling the budgets, they have found the records in the F0911 table but cannot locate the balance in the F0902 table.
Where are the balance records contained in the F0902?

A Similar to directly entering budgets into the system, the budgets balances can be found in the BREQ, BAPR, and BORG fields depending on the processing options set for the journal entry program.
B Journalized budgets are located in the Budget Requested field (BREQ).
C Journalized budgets are located in the Budget Approved field (BARP).
D Budget entries created from a journal entry do not update BREQ, BAPR, or BORG. They update the Net Posting fields for the appropriate periods in the F0902 table.
E Budgets entries created from a journal entry do not update the Account Balance (F0902) table; you must utilize the Account Ledger (F0911) to review and report on budgets.
F Journalized budgets only update the Budget Final field (BORG).

Your client decided to upload budgets to the system using a spreadsheet and reviewed the upload by using the Upload/Conversion Reversions 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 client failed to run the upload/conversion program.
B The client failed to purge last year’s transactions before running the upload/conversion program.
C The spreadsheet uploaded contained subledgers. Budgeting at the subledger level is not supported in JD Edwards.
D Some of the spreadsheet rows uploaded only contained account numbers but no amounts so the upload failed.

Your client created a journal entry to add cost for some fixed asset records, but is having trouble finding the batch in fixed assets in order to post the G/L entry to Fixed Assets.
With no access to the system, which two items should your client verify? (Choose two.)

A The accounts used on the journal entry are within the FX range of accounts in the AAIs.
B The accounts used on the journal entry are within the FD range of accounts in the AAIs.
C The journal entry included on asset number.
D The entry was posted to the G/L (the G/L posted code is equal to P).
E The accounts used on the journal entry are within the AT range of accounts in the AAIs.

The system displays Error 0953 - "Bank Currency Code Incorrect" when running the Create Payment Control Group UBE (R04570). To resolve the error, a valid G/L Bank Account for the foreign and/or domestic currency codes involved in the transaction must be entered.

Which two statements are correct when determining the correct G/L Bank Account and currency code? (Choose two.)

A The currency code of the bank account's company must be the same as the domestic currency code.
B The G/L bank account must always be a monetary account when processing foreign payments.
C The G/L bank account's currency code must always be blank.
D If the bank account is a monetary account, it must be the same as the transaction's foreign currency code.

Your client wants to update certain asset information globally to reduce the amount of processing time. Advise your client on the values that can be updated globally. (Choose all that apply.)

A Balance character code.
B Message log.
C Location code.
D Depreciation values.
E Asset Balances in AA and D1 ledgers.

UDC table 03B/SR should contain codes the system uses during the revenue recognition process to indicate _____________.

A reason codes that the system uses during the revenue recognition process for invoice lines. These codes indicate the sequencing order of the Line Type field used during Sales Order invoice trigger configuration and processing
B codes that highlight the sequencing order of the Subledger - G/L field during Service Billing trigger configuration and processing
C codes that highlight the sequencing order of the Freight Terms field during Sales Order invoice trigger configuration and processing
D current revenue recognition status codes of an invoice pay item

Your client wants the voucher match automation process to generate a single voucher for an invoice even if the invoice has multiple lines.

Identify three ways in which you can accomplish this. (Choose three.)

A Select the Single Voucher Per invoice option in the Supplier Master record.
B Keep the Single Voucher Per invoice option in the Supplier Master record deselected and select the single invoice processing option in the Voucher Match Automation Driver program
C (R4304010).
D Select the single invoice processing option in the Voucher Match Automation Driver program (R4304010).
E Select the Single Voucher Per invoice option in the Supplier Master record and ensure that the Pay Status (PST) in the F0411Z1 table is set to S.

When you try to void a receipt, the system displays error 351R - Delete/Void /NSF of Reconciled Receipt.

Which step needs to be taken to correct the issue?

A Enter an Unapplied Cash receipt for the full amount.
B Set the processing option of the Standard Receipts Entry application (P03B102) correctly to allow reconciled receipts to be voided.
C Post the receipt before it can be voided.
D Post the invoice belonging to the receipt before voiding the receipt.
E Unreconcile the receipt before it can be voided.

Your client does not want their A/P department to pay duplicate supplier invoices. What code should you set up to receive notifications? (Choose all that apply.)

A H: Force users to enter an invoice number for each voucher.
B H: Hard Error upon duplication.
C N: Do not edit for duplication.
D Y: Warning upon duplication.

Indexed allocations allow you to redistribute amounts from one business unit or range of business units to another business unit or range of business units. Your customer wants an account balance-based allocation setup, with the source of selection being a business unit.

What are the steps to implement this?

A Define Index Computations From and To business Unit Object Range, and Rate Factor > Run Index Computation Compute and Print > Set Processing Option
B Define Index Computations To business Unit Object Range, and Rate Factor > Run Index Computation Compute and Print > Set Data selection > Set Processing Option
C Define Index Computations From and To Business Unit Object Range, and Rate Factor > Define Run Index Computation Compute and Print program > Set Data selection > Set Processing Option
D Define Index Computations From and To business > Run Index Computation Compute and Print > Set Data selection

Your client will begin creating vouchers with taxes, they are asking about specific functionalities of J.D. Edwards tax processing. What will you tell them?

A Each tax explanation code specifies a particular algorithm that affects the amount to distribute in the general ledger, and you cannot create your own tax explanation codes.
B All tax explanation codes are hard-coded values that exist in the Tax Explanation Codes (OO/XE) user defined codes (UDC) table.
C Every tax explanation code is applicable to every system in JD Edwards EnterpriseOne software.
D If the letter T follows some tax explanation codes, the system will calculate only the tax portion of the transaction.

Your customer wants to set up multiple customer master records for one customer in each of the companies that it does business with.

Which option should you use to accomplish this?

A Activate Line of Business functionality in the A/R constants (P0000)
B Address Book Master Business Function processing options (P0100041)
C Customer Master Business Function processing options (P0100042)
D Address Book constants (P0000)

What steps should your client take to make corrections to the depreciation entries? (Choose all that apply.)

A To keep both GL system and Asset's system in synch, and to correct the depreciation for all the methods of computation you should create the journal entry in GL, post the journal entry to GL and then post the journal entry to fixed assets.
B You must first reverse the depreciation on Fixed assets, then proceed with posting to Assets and General ledger.
C If the depreciation has been posted to general ledger, void the post, post the voided entry to general ledger, and then post the voided entry to fixed assets.
D If the depreciation has not been posted to general ledger, you must post the final deprecation to general ledger, void the G/L entry, and then post the voided entry back to fixed assets.

Which Automatic Accounting Instruction's (AAI) are required when you take a discount on suppliers’ vouchers?

A PC, PKD, PKL
B PKD and PKL
C PP and PQ
D PP, PQ, PKD and PKL

Your client uses the Manual Reconciliation Program (P09131) to reconcile transactions, but does not like the secondary screen displaying the Reconciliation Reference and Cleared Date fields when reconciling transactions.

Which two actions should you perform to address your client's concern? (Choose two.)

A Update the processing options for the Manual Reconciliation program (P09131) to not display the Cleared Date field but the Reconciliation Reference field is updated from the Next Numbers program and will always be visible.
B Update the processing options for the Manual Reconciliation program (P09131) to not assign a Reconciliation Reference field.
C An update in EnterpriseOne release 9.1 required the Reconciliation field be displayed for IFAS Audit Standards.
D Update the processing options display tab for the Refresh Reconciliation File (R09130) to not display the Reconciliation Reference field.
E Update the processing options for the Manual Reconciliation program (P09131) to not display the Cleared Date field.

Which two observations are true about the AutoSuggest function? (Choose two.)

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

Which three rules apply when setting up Invoice Document Type Codes in UDC table 00/DT? (Choose three.)

A Some document types are hard-coded.
B Both invoice and receipt document types are set up in UDC 00/DT.
C The special handling code must be populated for all document types.
D All document types are soft-coded.
E All document types are hard-coded.
F Invoice document types that are set up in UDC 00/DT should also be set up in UDC 00/DI.

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? (Choose two.)

A The client is updating the Track Taxes field on the voucher GL Distribution to a value of 2.
B 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 trach the taxes.
C The client is using tax explanation codes ST and VT that are only valid for invoices and not vouchers.
D The client is reviewing information in the F0018R table; allocated tax amounts from the F0911 reside in the F0018 table.
E The general ledger accounts input on the GL Distribution form are not set up as taxable.

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