Free Oracle 1z0-342 Exam Dumps Questions & Answers

What are the required steps to set up column definition?

• A.  Enter Required Attributes; Set Column Definition Status
• B.  Enter Required Attributes; Enter Optional Attributes; Define Column Data Selection; Add Category Code Values; Set Column Definition Status
• C.  Enter Required Attributes; Enter Optional Attributes; Define Column Data Selection; Add Category Code Values
• D.  Enter Optional Attributes; Set Column Definition Status; Define Column Data Selection

A new accountant at your client processed the Mass Asset Disposal program (R12104) for two assets by selecting only the AA ledger. When reviewing the disposal batch, the accountant discovered that there were duplicate entries created for the asset disposals.
What caused the duplicate entries?

• A.  The asset numbers were included twice in the data selection for the Mass Asset Disposal program (R12104).
• B.  Out of the two assets that were disposed, each had quantities of 2, therefore two sets of entries were created for each asset.
• C.  The AA ledger in multiple ledger type fields was populated from the processing options within the Mass Asset Disposal program (R12104).
• D.  The assets were already disposed and, therefore, the disposal program created one set of entries to reverse the original disposal and one set of entries to dispose the assets.

Your client has been transferring the location of assets using the Work with Locations application (P12215). In random instances, records with a Location Code of 'H' (Historical) are being created without duration Information.
Why are these records being created?

• A.  Your client relocated partial quantities of an asset. Transfer records with a location code of 'H' are automatically created to represent the quantity remaining at the original location.
• B.  Some of the assets your client is transferring were never recorded at the location where they are being transferred from. The system detects the transfer is out of sequence and automatically creates transfer records with the location code of 'H'.
• C.  Some of the assets your client transferred have a transfer date later than the current system date.
  Transfer records with a location code of 'H' are automatically created.
• D.  Some of the assets your client is transferring are parent asset records with associated children asset records. Transfer records with a location code of 'H' are automatically created.

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 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.
• C.  The client is updating the Track Taxes field on the voucher GL Distribution to a value of 2.
• D.  The client is reviewing information in the F0018R table; allocated tax amounts from the F0911 reside in the F0911 table.
• E.  The client is using tax explanation codes ST and VT that are only valid for invoices and not vouchers.

Which are true statements about the Parent Company? (select 3)

• A.  A Balance Sheet can be produced at the Parent Company level
• B.  A Balance Sheet can NOT be produced at the Parent Company level
• C.  It is the lowest level of the reporting structure
• D.  It is the highest level of the reporting structure
• E.  The Fiscal Year Pattern is defined at the Parent Company level