Free Oracle 1z1-342 Exam Dumps Questions & Answers

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

The repost program R099102, Is used to re-create balances based upon the F0911 transactions. The batch does which two of the following in update mode?

• A.  sets the period involved to zero and recalculates the balance for this period
• B.  prints a report that shows the period amount of an account in the F0911 versus the F0902
• C.  sets the periods 1 to 14 to zero and recalculates the balances for these periods based upon the F0911-transactions
• D.  deletes the F0902 records, based upon the data selection and recreates these records with balances based upon the F0911-transaction
• E.  includes posted and non-posted transactions of the general ledger F0911

Your client wants the system to automatically create journal entries for Intercompany settlements. Knowing that your client will use multicurrency processing, what two intercompany settlement values are available to your client?

• A.  2: Detail Method
• B.  N: The system does not post a batch If It contains Intercompany settlements.
• C.  1: Hub Method
• D.  *: The system posts a batch even if it contains intercompany settlements.
• E.  3: Configured Hub Method

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

• A.  If you do not want to track taxes for the account, change the value in the Track Taxes field to 0.
• B.  The Track Taxes field cannot be edited unless the Processing Option - Allow Tax Tracking Is flagged on.
• 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 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.
• E.  The system updates the F0016R tax table with tax information for the account if the Track Taxes field is populated.

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 highest level of the reporting structure
• D.  The Fiscal Year Pattern is defined at the Parent Company level
• E.  It is the lowest level of the reporting structure