Free Oracle 1z0-342 Practice Exam with Questions & Answers | Set: 5

Name: How to Pass 1z0-342 Exams
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SKU: 1z0-342
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Questions 41

Your client ran the Batch to Detail & Out of Balance" [R007031] integrity report and requires assistance In interpreting the report.

What two processes does the Batch to Detail & Out of Balance integrity perform?

Options:

Ensures that the intercompany is in balance.

Lists companies that are out of balance.

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.

Deletes batch header records with no detail records.

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Questions 42

The Batch-program 'Identify New Entries' does which two of the following?

Options:

makes the program 'Revise Unposted Entries1 find FA entries quicker

posts amounts to the Fixed Assets Ledger

reconciles the General Ledger to the Fixed Assets Balances

updates the General Ledger table F0911

creates new fixed assets master records

Questions 43

You were asked to create an allocation of all advertising expenses to all marketing departments based on each individual marketing department's sales revenue. Assuming that the advertising expense object accounts and sales revenue object accounts are within one specified range, how will you most efficiently accomplish this allocation?

Options:

Use a Model Journal Entry

Use the Variable Numerator Allocation

Use the Recurring Journal Entry

Use the Indexed Allocation

Use a Variable Model

Questions 44

What must happen prior to making a payment to a supplier?

Options:

A Supplier Master must be created

A Customer Master must be created

Payroll checks must be run before Accounts Payable checks can be printed

The Suppliers phone number must be entered into the Address Book

Questions 45

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.

Options:

Supplier Payment Inquiry

Supplier Master Information

Supplier Ledger Inquiry

Speed Voucher Entry

Standard Voucher Entry

Questions 46

Your client has asked that you set up the supplier payment terms. Assume they are using Standard Voucher Entry. What happens to the payment terms field in the header if payment terms are specified in the grid?

Options:

A soft error occurs.

The system ignores the value entered in the payment terms field in the grid and continues to use the value in the header.

The system uses the payment terms found on the supplier master record.

The payment terms field in the header is disabled and the system uses the value entered in the grid.

Nothing, there are no payment terms field in the grid.

Questions 47

Your financial implementation client lead needs assistance on understanding the Detail Method of Intercompany settlements. You explain that the Detail Method uses _______to track Intercompany settlements and the company associated with the first journal entry line acts as the _________ for the transaction.

Options:

Subsidiaries, detail company

Subledger, hub company

Subledgers, consolidation company

Subledgers, detail company

Subsidiaries, hub company

Questions 48

Your client wants to use the fastest method to enter high-volume, simple voucher entries. What Voucher Entry would you recommend to your client to use?

Options:

Standard Voucher Entry

Voucher Logging Entry

Speed Voucher Entry

Multi-Voucher, Multi-Supplier

Multi-Company, Single-Supplier