oracle 1z0-342 practice test

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.

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. 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.
• B. 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.
• 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 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.

How should you implement credit checking at the parent level?

• A. Set customer master "Billing Information related address number" to P-Parent number
• B. Set customer master "Send invoice to" Information to P- Parent.
• C. Set address book 'Related Address number" to P- Parent.
• D. Set customer master "Billing Information credit check" to P- Parent.

Which two statements are true regarding the address book audit log feature?

• A. You can set it up to record new records only.
• B. You can set it up to record new records that have been entered and changes to existing records.
• C. You can set it up to record changes to existing records.
• D. It is a user preference.
• E. You can set it up to record deleted records only.

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.

As part of month-end closure, you run Accounts Payable Integrity reports to validate the accuracy of
your data.
Which integrity report compares the Gross Amount and the Open Amount in the Accounts Payable
Ledger (F0411) to the Paid Amount in the Accounts Payable Matching Document Detail (F0414)?

• A. AP to GL Integrity with Adjustments Report (R04711)
• B. AP Payments to Voucher Integrity Report (R04713)
• C. AP to GL Integrity by Batch Report (R04701)
• D. AP Payments to GL by Batch Report (R04702A) O E) AP Payments to GL Integrity Report (R04712)

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.

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?

• 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 cash 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.