Online 1Z0-342 Practice Test

Question 1

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)?

Options :

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)

Answer: D

Question 2

Your client needs to consolidate their financial information from various business sites. Which statement does NOT represent a difference between a Multi-Site Consolidation and other Organizational Structure?

Options :

A :

Multi-site consolidation uses elimination rules; Organizational Structure does not use these rules.

B :

You cannot consolidate the balance of multiple locations in a mufti-site consolidation, but you can perform this activity with organizational reporting structure.

C : Multi-site consolidation can process consolidation from non-EnterpriseOne applications.

D :

User Defined Codes 00/01 through 00/30 and 09/01 through 09/23 must be updated prior to defining the business unit and account structure.

E :

The Organizational Structure Definition application updates the Structure Definition table.

Answer: E

Question 3

Which three rules apply when setting up Invoice Document Type Codes in UDC table 00/DT?

Options :

A : Some document types are hard-coded.

B : Both Invoice and receipt document types are set up In UDC 00/DT.

C : The special handling code must be populated for all document types.

D : All document types are soft-coded.

E : All document types are hard-coded

F :

Invoice document types that are set up In UDC OO/DT should also be set up In UDC 00/DT

Answer: C,D,F

Question 4

Which of the following statements is TRUE about processing options?

Options :

A : When a report run is finished the processing options will be restored to the default value.

B : Changes made to processing options are logged for future reference.

C : The user can perform an audit trail on processing option changes.

D : Access to processing options cannot be secured.

E : Changes made to processing options will be saved immediately.

Answer: A

Question 5

What two ways can a user access the submitted jobs?

Options :

A : by entering 'BV' in the fastpath of a Web Client and selecting a form exit

B :

by typing 'Jobs' in the fastpath of a Web Client D C) by selecting Submitted Jobs from the menu

C : by taking a form exit from the Address Book

D : by selecting 'My System Profile' from the menu

Answer: A,D

EXPERTY DESIGNED 1Z0-342 PRACTICE TEST