Oracle 1Z0-342 Certification Sample Questions and Answers

1Z0-342 PDF, 1Z0-342 Dumps PDF Free Download, 1Z0-342 Latest Dumps Free PDF, JD Edwards EnterpriseOne Financial Management Implementation Essentials PDF DumpsThe Oracle JD Edwards EnterpriseOne Financial Management Implementation Essentials (1Z0-342) Sample Question Set is designed to help you prepare for the JD Edwards EnterpriseOne Financial Management 9.2 Certified Implementation Specialist  certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-342 Certification Practice Exam.

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Oracle 1Z0-342 Sample Questions:

01. A company using multicurrency processing notices incorrect domestic amounts when entering foreign currency journals. The controller asks which configuration the system uses to calculate domestic values for these entries. Which setup should be validated to ensure proper conversion?
a) Document type rules for journal entry screens
b) Category codes assigned to the accounts
c) Currency rate table defining exchange values
d) Processing options set for journal entry forms
 
02. A foreign subsidiary reports that posted journal entries are showing incorrect domestic values after rate changes. To confirm why the system applied unexpected amounts, which two configurations should be checked?
(Choose two)(a,b)
a) Currency exchange rate table
b) Journal entry processing options
c) Business unit category codes
d) User-defined depreciation methods
 
03. During a quarterly review, the asset accountant finds that several new equipment items are calculating depreciation using inconsistent methods. The team wants to ensure all assets in the same class follow the same rules. Which configuration primarily determines the default depreciation method applied when a new asset is created?
a) UDC table used for cost classifications
b) Category code stored on the business unit
c) Account master record assigned to the asset
d) Depreciation key defining the method and life
 
04. A client reports that automatic voucher match is not generating expected matches for received goods. The consultant suspects missing configuration in the Procure-to-Pay process.
Which setup primarily controls how the system identifies the correct receipt and order line for matching?
a) AAI rules defining distribution and suspense accounts
b) Receipt matching controls in the Voucher Match process
c) Category Codes assigned to the Supplier Master
d) Payment Terms configured for the supplier
 
05. A financial analyst needs to build a new OneView Financial Statement that shows quarterly revenue by business unit. Which component must be configured to design and structure the statement layout?
a) Report definition created in OneView Designer
b) UDC table defining financial categories
c) Business Unit Master setup
d) Category Code mapping in Fixed Assets
 
06. An AR clerk needs to apply a customer receipt to multiple open invoices. Which function supports distributing a single receipt across several outstanding transactions?
a) Standard Receipts Entry using multi-document application
b) Customer Master revision for payment details
c) Adjustment entry forms for revenue corrections
d) Revenue Recognition batch processing
 
07. The AP manager wants to prevent users from creating vouchers for suppliers that are on hold due to compliance issues. Which setup ensures that the system blocks transactions for such suppliers?
a) Processing option in the journal entry form
b) Category Code in the Business Unit
c) Report version used for AP audits
d) Hold code assigned in Supplier Master
 
08. A consultant is enabling Composite Application Framework (CafeOne) to help AP clerks review supplier credit status while viewing the Address Book application. Which two components must be configured to deliver this integrated view?
(Choose two)
a) A form interconnect linking Address Book fields
b) A CafeOne layout embedding supplier-related content
c) A business view filtering supplier data
d) A watchlist alert showing credit limits
 
09. After a merger, the organization must consolidate several companies into a single reporting hierarchy. The finance lead asks which tool enables the system to pull balances from multiple entities and roll them into summary financial results.
a) Online consolidation function
b) Receipt routing process
c) Depreciation calculation engine
d) Voucher match automation
 
10. During an AP audit, the team is reviewing processes that can generate vouchers. Which two activities can directly create vouchers in JD Edwards EnterpriseOne?
a) Budget upload using the budget import program
b) Manual voucher entry using standard voucher entry forms
c) Depreciation posting from the Fixed Assets module
d) Three-way match processing for purchase orders

Answers:

Question: 01

Answer: c

Question: 02

Answer: a, b

Question: 03

Answer: d

Question: 04

Answer: b

Question: 05

Answer: a

Question: 06

Answer: a

Question: 07

Answer: d

Question: 08

Answer: b, c

Question: 09

Answer: a

Question: 10

Answer: b, d
Rating: 4.9 / 5 (82 votes)