Question No. 1

You can enter journal entries that automatically reverse in the following accounting period. Which two possible G/L dates could the system assign to the reversing entry?

AThe last day of the current accounting period

BThe last day of the first week of the next accounting period

CThe last day of the next accounting period

DThe 15th day of the next accounting period

EThe first day of the next accounting period

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Correct Answer: C, E

Question No. 2

Which four updates happen in the Accounts Receivable tables when you change the gross amount on a posted unpaid invoice?

AThe system removes the posted code on the invoice in the Customer Ledger table (F03B11).

BThe system updates the A/R Post Status field (ISTR) to 1 on the invoice record in the Customer
Ledger table (F03Bii).

CThe system recalculates the Discount Due Dates in the Customer Ledger table (F03B11).

DThe system sets the Payment Status to H (Held) in the Customer Ledger table (F03B11).

EThe system adds a record to the Invoice Revisions table (F03B112).

FThe system creates a new line item for the changed Gross Amount in the Customer Ledger table
(F03B11).

GThe system recalculates the open amount In the Customer Ledger table (F03B11).

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Correct Answer: A, B, E, G

Question No. 3

You are going through the month end dose process. If you run the Account Balance without Account Master Integrity report and have the processing option set to update mode/ what do you update?

Athe business unit of all account ledger records that have an invalid business unit number

Bthe account description of ail account ledger records that have an invalid company number

Cthe company number of all account ledger records that have an invalid company number

Dthe company number of the account master records with the correct business unit

Ethe company number of all account balance records that have an invalid company number

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Correct Answer: E

Question No. 4

To increase efficiency, your client almost exclusively creates Journal entries using Model JEs, Importing JEs, and copying existing JEs. An audit revealed they have several records with zero amounts and units In their Account Ledger (F09ii) table.

Which action will help address your client's issue?

AAfter populating the Journal entry form using any method, click the Form Exit and select Features. Then select the check box to not create journal entry line items with zero amount and no units.

BSet the processing option in the General Ledger Post program (R09801) to not create journal entry line items with zero amount and no units.

CThe system is not designed to determine which Journal Entry lines to include or exclude. Your client must delete zero amount and no unit lines prior to saving journal entries to prevent them from populating the Account Ledger (F0911) table.

DSet the processing option in the Journal Entry MBF program (P0900049) to not create journal entry line items with zero amount and no units.

ESet the processing option in the Journal Entry program (P0911) to not create journal entry line items with zero amount and no units.

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Correct Answer: D

Question No. 5

Which three statements are true about customizing the grid?

AThe color of columns can be customized.

BThe same column can be made to appear multiple times in a grid.

CThe font of columns can be customized.

DThe width of columns can be customized.

EThe sequence of columns can be customized.

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Correct Answer: A, D, E

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Free Oracle 1Z0-342 Exam Actual Questions

The questions for 1Z0-342 were last updated On Jan 17, 2025