Free Oracle 1Z0-342 Exam Questions

Become Oracle Certified with updated 1Z0-342 exam questions and correct answers

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Total 165 Questions | Updated On: Aug 01, 2026

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Question 1

The system identifies fixed asset journal entries based on the fixed asset range of accounts that you set up in the automatic accounting instructions (AAIs). You can generate fixed asset journal entries through any EnterpriseOne system that creates entries in the 6/L transaction table Account Ledger (FQ911). Which one of the following is NOT the type of Account that falls within the FX range of the AAIs?

A : Accumulated Depreciation Accounts

B : Operating Expense Accounts

C : Asset Cost Accounts

D : Asset Disposal Accounts

E : Trade Accounts

Answer: D

Question 2

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?

A : 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.

B : 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.

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

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

E : 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.

Answer: D

Question 3

Which two statements are TRUE about Environments?

A : An Environment can have a unique set of Data and share its Objects with another Environment.

B : An Environment always has a unique set of Objects and Data.

C : A user has to log in to JDE through an Environment.

D : The Environment can be selected or changed by the user after logging in to JDE.

E : An Environment always shares its Objects and Data with another Environment.

Answer: A,C

Question 4

What three conditions must exist In order for one to use the Composite Application Framework?

A : You should have access to the content in the layout.

B : You should have access to Object Management Workbench (OMW).

C : You should have the permission to publish content.

D : You should be enabled to view the layout of the Composite Application Framework.

E : Your Enterprise One preferences should have the Show Layout option selected.

Answer: C,D,E

Question 5

Your client wants to use the fastest method to enter high-volume, simple voucher entries. What Voucher Entry would you recommend to your client to use?

A : Standard Voucher Entry

B : Voucher Logging Entry

C : Speed Voucher Entry

D : Multi-Voucher, Multi-Supplier

E : Multi-Company, Single-Supplier

Answer: C

Page: 1 / 33

Total 165 Questions | Updated On: Aug 01, 2026

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