Question No. 1

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?

AEnsures that the intercompany is in balance.

BLists companies that are out of balance.

CUpdates 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.

DDeletes batch header records with no detail records.

Show Answer

Correct Answer: C, D

Question No. 2

Your customer wants to Implement Advance Variable Numerator Allocations. What specifications should you set up to accomplish this?

ASource; Recurring frequency; Offset

BSource; Basis; Destination; Offset

CSource; Destination; Offset

DFrom BU; To BU, Offset account

Show Answer

Correct Answer: D

Question No. 3

Your client indicated that the standard delivered report does not meet their business requirement. You recommend that they create a new report using the Financial Report Writer.

Which four statements are TRUE regarding the Financial Report Writer?

AA Journal entry can be automatically created in the Financial Report Writer.

BThe level of detail roll up can be defined in the processing option.

CSmart fields are used to calculate Period Activity and Account Balance.

DThe interim subtotal can be defined in the FSxx AAI item.

EYou can define a maximum of 12 printing columns.

Show Answer

Correct Answer: A, C, D, E

Question No. 4

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.

ASubsidiaries, detail company

BSubledger, hub company

CSubledgers, consolidation company

DSubledgers, detail company

ESubsidiaries, hub company

Show Answer

Correct Answer: B

download.oracle.com/docs/cd/B34956_01/current/acrobat/120xlaig.pdf

Question No. 5

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

AYou can set it up to record new records only.

BYou can set it up to record new records that have been entered and changes to existing records.

CYou can set it up to record changes to existing records.

DIt is a user preference.

EYou can set it up to record deleted records only.

Show Answer

Correct Answer: A, E

Free Oracle 1Z0-342 Exam Actual Questions

The questions for 1Z0-342 were last updated On Nov 17, 2024