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 16, 2025

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Question 1

Your client needs to consolidate their financial information from various business sites. Which statement does NOT represent a difference between a Multi-Site Consolidation and other Organizational Structure?

A : Multi-site consolidation uses elimination rules; Organizational Structure does not use these rules.

B : You cannot consolidate the balance of multiple locations in a mufti-site consolidation, but you can perform this activity with organizational reporting structure.

C : Multi-site consolidation can process consolidation from non-EnterpriseOne applications.

D : User Defined Codes 00/01 through 00/30 and 09/01 through 09/23 must be updated prior to defining the business unit and account structure.

E : The Organizational Structure Definition application updates the Structure Definition table.

Answer: E

Question 2

What two ways can a user access the submitted jobs?

A : by entering 'BV' in the fastpath of a Web Client and selecting a form exit

B : by typing 'Jobs' in the fastpath of a Web Client D C) by selecting Submitted Jobs from the menu

C : by taking a form exit from the Address Book

D : by selecting 'My System Profile' from the menu

Answer: A,D

Question 3

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 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

Which of the following statements is TRUE about the fast path?

A : Consultants should advise customers to use the fast path.

B : The fast path is used to access applications

C : Users cannot specify a specific version of an application via the fast path.

D : Reports can be submitted by entering the report number in the fast path.

E : Security does not work when the fast path is used.

Answer: B

Page: 1 / 33

Total 165 Questions | Updated On: Dec 16, 2025

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