JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials (1z0-342) Free Practice Test

Question 1

Which program must be run to create sales Invoices in the Accounts Receivable system?

A. the Sales Update program (R42800)

B. the Invoice Journal program (R03B305)

C. the Invoice Print program (R03B305)

D. the Invoice Generation program (R48121)

Correct Answer: A

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Question 2

When you know a draft is paid, the draft is closed. On a draft, what does the pay status # indicate?

A. The draft has been closed.

B. The draft has been selected for payment.

C. The draft is approved.

D. The draft has been accepted.

E. The draft is on hold.

Correct Answer: D

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Question 3

Your client is requesting that an error message be created when trying to void those Vouchers with Purchase Orders. Select two programs that would be controlled by processing options to disallow void of vouchers created with Purchase Orders.

A. Supplier Ledger Inquiry

B. Supplier Master Information

C. Standard Voucher Entry

D. Speed Voucher Entry

E. Supplier Payment Inquiry

Correct Answer: A,C

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Question 4

Which statement is correct about payment status?

A. All payment status values are hard-coded.

B. Payment status values A, H, #, and Pare the only hard-coded values.

C. All payment status values are soft-coded and can be changed.

D. Some payment status values are soft-coded.

E. The special handling code must be populated for all payment status values.

Correct Answer: D

Question 5

When you enter a foreign voucher with VAT tax using the Standard Voucher Entry application, the system triggers error 0960: VAT not allowed with Currency Code.
What setting is required to allow this type of transaction to be entered?

A. The Standard Voucher Entry application processing option needs to be flagged to allow foreign transactions with VAT tax.

B. The Voucher Master Business Function processing option needs to be flagged to allow foreign transactions with VAT tax.

C. The Tax Rules by Company must be set up to allow VAT tax on foreign vouchers.

D. The Tax Rate/Area must be set up to allow VAT tax on foreign vouchers.

E. The Company must be set up to allow VAT tax on foreign vouchers.

Correct Answer: A

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Question 6

Your client posted some Invoice batches with taxes but failed to set up the General Ledger Post Report program (R09801) to update the tax table.
Which two solutions should you provide?

A. To update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information.

B. Manually enter information into the Tax Table.

C. Revise the posted batch by entering tax information as an additional pay item using the tax-only explanation codes (ST, UT, VT, BT, or CT), or enter a new tax-only transaction and post the batch.

D. After the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table.

Correct Answer: B,D

Question 7

How can you alert the credit manager when an account is over Its credit limit?

A. Set up a Watchlist containing customers who have exceeded their credit limits.

B. Set up a Watchlist to send email notification to customers who have exceeded their credit limits.

C. Set up a Watchlist containing customers and their credit limits.

D. Set up a Watchlist containing approved customer credit limits.

Correct Answer: D

Question 8

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.

A. Subsidiaries, hub company

B. Subledger, hub company

C. Subsidiaries, detail company

D. Subledgers, detail company

E. Subledgers, consolidation company

Correct Answer: B

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Question 9

Your client is attempting to track taxes for certain voucher pay Items; however, the tax information details for the accounts are not being created.
Which two items will you have your client correct?

A. The general ledger accounts Input on the GL Distribution form are not set up as taxable.

B. The client is using tax explanation codes ST and VT that are only valid for invoices and not vouchers.

C. The client is reviewing information in the F0018R table; allocated tax amounts from the F0911 reside in the F0911 table.

D. The client is updating the Track Taxes field on the voucher GL Distribution to a value of 2.

E. The client is populating the taxable amount field when manually creating vouchers, to track taxes.
The gross amount field should be populated to allow the system to calculate and track the taxes.

Correct Answer: B,D

Question 10

Which of the following statements is TRUE about processing options?

A. Changes made to processing options are logged for future reference.

B. Access to processing options cannot be secured.

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

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

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

Correct Answer: C

Question 11

Which three of the following pieces of information can be captured in the Address Book?

A. A/R A/P Netting Default

B. Subledger Inactive Code

C. Tax ID

D. Default Document Type

E. Outstanding amount for customers

Correct Answer: A,B,C

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Question 12

You were asked to assist in setting up the Automatic Accounting Instructions (AAI) for the financial system.
Which statement is TRUE regarding AAI?

A. All AAI Items must have a corresponding valid Business Unit and Object Account value.

B. Some AAI Items with a common prefix can have a user defined suffix.

C. The sequence number is hard coded in the logic of the calling application.

D. There can only be two lines of description.

E. All AAI Items are company specific.

Correct Answer: C

Question 13

What two ways can a user access the submitted jobs?

A. by taking a form exit from the Address Book

B. by selecting 'My System Profile' from the menu

C. by entering 'BV' in the fastpath of a Web Client and selecting a form exit

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

Correct Answer: B,C

Question 14

Your client is using the Credit Hold process orders from Credit Hold?

A. Speed Status Change P03B114

B. Order Hold Information P42090

C. Standard Invoice Entry P03B2002

D. Release Held Orders P43070

E. Check Credit P42050

Correct Answer: D

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Oracle JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials (1z0-342) Free Practice Test