Free Oracle 1z1-342 Exam Dumps Questions & Answers

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.  Subledgers, consolidation company
• B.  Subledgers, detail company
• C.  Subledger, hub company
• D.  Subsidiaries, detail company
• E.  Subsidiaries, hub company

Describe the function of the Fiscal Date Pattern.

• A.  It defines all of the years that the company has been in business and future years for which the company expects to do business.
• B.  It defines the beginning date for the fiscal year and the ending date for each period in that year.
• C.  It defines the beginning date for the calendar year and the ending date for each period in that year.
• D.  It defines the beginning date for the calendar year and the ending date for each fiscal period in that year.

Which Automatic Accounting Instruction (AAI) hierarchy determines the GL Bank Account when you add a new voucher?

• A.  Option D
• B.  Option C
• C.  Option B
• D.  Option A

Which of the following statements is TRUE about processing options?

• A.  Changes made to processing options will be saved immediately.
• B.  Changes made to processing options are logged for future reference.
• C.  The user can perform an audit trail on processing option changes.
• D.  When a report run is finished the processing options will be restored to the default value.
• E.  Access to processing options cannot be secured.

Your client used the Mass Asset Disposal program to dispose of several assets belonging to the same company. They used the simple disposal method but the business unit for the net book value account contained in the journal entry was different for almost every asset they disposed.
Which statement explains why this occurred?

• A.  The Mass Asset Disposal program selects the NBV account by company from the Disposal Account Rules and the business unit from the FX range of AAIs based on the cost account of the individual assets.
• B.  The Mass Asset Disposal program uses a combination of the Disposal Account Rules by company for the NBV account and the Location Business Unit field on the asset master record for the business unit.
• C.  The Disposal Account Rule for NBV did not contain a business unit value.
• D.  The Disposal Account Rules for the company were setup with multiple business units for the NBV account.