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

Which of the following statements is TRUE about the fast path?

Options :

A : Consultants should advise customers to use the fast path.

B : The fast path is used to access applications

C : Users cannot specify a specific version of an application via the fast path.

D : Reports can be submitted by entering the report number in the fast path.

E : Security does not work when the fast path is used.

Answer: B

Question 3

What three conditions must exist In order for one to use the Composite Application Framework?

Options :

A : You should have access to the content in the layout.

B : You should have access to Object Management Workbench (OMW).

C : You should have the permission to publish content.

D : You should be enabled to view the layout of the Composite Application Framework.

E : Your Enterprise One preferences should have the Show Layout option selected.

Answer: C,D,E

Question 4

Which three statements are accurate when entering the GL Distribution account coding on an invoice with taxes?

Options :

A :

If the account is not set up as taxable and you enter a 1 in the Track Taxes field, the system automatically changes the value to 0.

B :

The system updates the F0016R tax table with tax information for the account if the Track Taxes field is populated.

C :

The system automatically updates the Track Taxes field to 1 if the account Is set up as taxable and at least one pay item on the invoice has taxes.

D :

If you do not want to track taxes for the account, change the value in the Track Taxes field to 0.

E :

The Track Taxes field cannot be edited unless the Processing Option - Allow Tax Tracking Is flagged on

Answer: A,B,C

Question 5

Your client does not want their A/P department to pay duplicate supplier Invoices. Which action will prevent users from entering duplicate Invoice numbers?

Options :

A :

Change the Duplicate Invoice Number Edit field on the A/P Constants (P0000) form to Issue a warning if a user enters a duplicate invoice number.

B :

Change the Duplicate Invoice number edit field on the A/P Constants (P0000) form to disallow duplicate invoice numbers.

C :

Change the processing option for the standard Voucher entry program (P0411) to disallow duplicate invoice numbers.

D :

Change the processing option for the Standard Voucher Entry (P0411) form to add a check digit to the invoice number.

Answer: C

EXPERTY DESIGNED 1Z0-342 PRACTICE TEST