Online 1Z0-342 Practice Test

Question 1

Which set of tables does the One View Supplier Ledger Inquiry application (P042022) combine information from?

Options :

A : Accounts Payable Ledger (f0411), Supplier Master (F0401), and Address Book (F0101)

B :

Accounts Payable Ledger (f0411), Supplier Master (F0401), and Business Unit Master (F0006)

C :

Accounts Payable Ledger (F0411), Supplier Master (F0401), and Account Master (F0901)

D :

Accounts Payable Ledger (F0411), Supplier Master (F0401), and Accounts Payable - Matching Document (F0413)

Answer: C

Question 2

You have created a Deduction record. What occurs in the system when you post the batch?

Options :

A :

The system creates an R5 document for the amount of the deduction and generates an unposted batch type of DB.

B :

The system creates an R5 document for the amount of the deduction and generates an unposted batch type of I.

C :

The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.

D :

The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

E : The system creates records in the Deduction Management table.

Answer: C

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

Your client wants to set up batch approval and post security for the Accounts Payable system without preventing any users from reviewing batches. Which three items will help your client complete this task?

Options :

A :

Update the System Constants for the General Ledger and Accounts Payable systems to require Manager Approval of Input.

B :

Update the processing options for A/P versions of the General Ledger Post program (R09801).

C :

Update the System Constants for the Accounts Payable system to require Manager Approval of Input.

D :

Update the System Constants for General Ledger and Accounts Payable systems to the setting Batch Control Required.

E :

Update the Work with User Security/Role form (P00950) to include Batch Approval and Post for A/P users.

F : Update the Batch Approval/Post Security Constants for A/P Batch Security.

G :

From the Batch Approval/Post Security Constants form, set up Approved and Secured Users.

Answer: A,C,D

Question 5

When you are entering an invoice with VAT tax, the system displays hard Error 1480: "Tax

Amount May Not Be Understated."

Which system setting should you review to prevent the error and allow entry of understated

tax amounts?

Options :

A :

Select the "Allow Understatement of Tax Amount" check box in the Tax Rules application (P0022) for the company on the invoice to allow entry of understated tax amounts within the defined tolerance limits.

B :

Set the "Allow Understatement of Tax Amount* processing option to 1 in the Invoice Entry Master Business Function (P03B0011) to allow entry of understated tax amounts within the defined tolerance limits.

C :

Select the "Allow Understatement of Tax Amount" check box in the Tax/Rate Area application (P4008).

D :

Activate the "Allow Understatement of Tax Amount' processing option for Standard Invoice Entry application (P03B11) to allow entry of understated tax amounts.

E :

Select the "Allow Understatement of Tax Amount" check box in the Company Number and Names application (P0010) for the company on the Invoice to allow entry of understated tax amounts within the defined tolerance limits.

Answer: D

EXPERTY DESIGNED 1Z0-342 PRACTICE TEST