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: Dec 05, 2025

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Question 1

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 2

As part of month-end closure, you run Accounts Payable Integrity reports to validate the accuracy of your data. Which integrity report compares the Gross Amount and the Open Amount in the Accounts Payable Ledger (F0411) to the Paid Amount in the Accounts Payable Matching Document Detail (F0414)?

A : AP to GL Integrity with Adjustments Report (R04711)

B : AP Payments to Voucher Integrity Report (R04713)

C : AP to GL Integrity by Batch Report (R04701)

D : AP Payments to GL by Batch Report (R04702A) O E) AP Payments to GL Integrity Report (R04712)

Answer: D

Question 3

Which three rules apply when setting up Invoice Document Type Codes in UDC table 00/DT?

A : Some document types are hard-coded.

B : Both Invoice and receipt document types are set up In UDC 00/DT.

C : The special handling code must be populated for all document types.

D : All document types are soft-coded.

E : All document types are hard-coded

F : Invoice document types that are set up In UDC OO/DT should also be set up In UDC 00/DT

Answer: C,D,F

Question 4

You have created a Deduction record. What occurs in the system when you post the batch?

A : The system creates an R5 document for the amount of the deduction and generates an unposted batch type of DB.

B : The system creates an R5 document for the amount of the deduction and generates an unposted batch type of I.

C : The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.

D : The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

E : The system creates records in the Deduction Management table.

Answer: C

Question 5

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

Page: 1 / 33

Total 165 Questions | Updated On: Dec 05, 2025

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