1z0-342 Oracle JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials exact Exam Questions

JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials

Last Update 7 hours ago Total Questions : 160

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Question # 31

Your client submitted the Annual Close application to close their fiscal year.

When you close a fiscal year, which AAI Items does the system use?

GLG4 retained earnings and GLGxx for all GL accounts

GLG4 retained earnings, GLG6 beginning revenue account, and GLG12 ending profit and loss

GLG4 retained earnings, GLG12 ending profit and loss, and GLG7 year-end close account

GLG4 retained earnings and FSxx Interim subtotals

GLG4 retained earnings, GLG12 ending profit and loss, and the ICCC intercompany account

Question # 32

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

Option A

Option B

Option C

Option D

Question # 33

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?

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.

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.

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

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

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.

Question # 34

Which three options are available if a component already exists in the target environment, when you import a statement definition?

creating duplicates

renaming duplicates

skipping existing components

replacing all components

prompting for each existing component

Question # 35

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

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

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

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

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

Question # 36

Which two statements are true regarding the address book audit log feature?

You can set it up to record new records only.

You can set it up to record new records that have been entered and changes to existing records.

You can set it up to record changes to existing records.

It is a user preference.

You can set it up to record deleted records only.

Question # 37

Your client has had some data Integrity Issues between the F1202 and F0902 tables. The Issues have been Isolated and were caused by a staff member directly updating the asset balances table. Your client confirmed the F1202 balances are correct and is asking for instruction on correcting the F0902 balances.

Select the option that will resolve your client ' s problem.

Create and post a negative journal entry to the G/L to correct the F0902 balances and then post the entry to fixed assets.

Create and post a journal entry to the G/L to correct the F0902 balances and then post the entry to fixed assets. Then void and post the journal entry to the G/L and revise the hold or pass code on the void journal entry to permanently prevent It from posting to fixed assets.

Create and post a journal entry to the G/L to correct the F0902 balances and then revise the hold or pass code on the journal entry to permanently prevent it from posting to fixed assets.

Directly update the F1202 balances with negative amounts to correct the errors.

Use a common data file utility program to update the F0902 balances.

Question # 38

Which four steps does the system perform when the Credit Reimbursements program (R03B610) is run in final mode?

Creates a voucher in the Accounts Payable Ledger table (F0411) with a document type NO.

Changes the pay status on the invoices to A

Creates a batch of vouchers (batch type V), which you must post.

After posting the receipt batch, the system debits the A/R trade account and credits the suspense account specified by the AA1 item RN.

Creates a batch of receipts {batch type RB), which you must post.

Creates a receipt in the Receipts Header (F03B13) and Receipts Detail (F03B14) tables to close the selected invoices.

Question # 39

Your client recently moves their corporate office to a foreign country. The company, as of the New Year, is required to provide fixed asset depreciation in a different currency.

How should you set this up?

Add a new depreciation formula.

Add a G/L account in the new currency.

Add a depreciation book for the new currency.

Run reports in the new currency.

Question # 40

When you enter a voucher with tax In the Standard Voucher Entry application (P0411), error 0886: " Tax Area Required " is displayed on the GL distribution.

Which three actions should you take to resolve the error?

Deactivate the Tax Capture Constant for the company you are entering transactions.

Change the voucher transaction Business Unit to a nontaxable entity.

Blank out the Track Tax field for the GL distribution line item.

Populate the Tax/Rate Area for the expense entry in the GL distribution.

Change the Expense Account to a nontaxable account in the Account Master.

Populate the Subledger field to a taxable Supplier Address Book number.

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