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: Sep 15, 2026

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Question 1

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

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

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

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

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

Answer: C

Question 2

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

A : 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.

B : The system updates the F0016R tax table with tax information for the account if the Track Taxes field is populated.

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 you do not want to track taxes for the account, change the value in the Track Taxes field to 0.

E : The Track Taxes field cannot be edited unless the Processing Option - Allow Tax Tracking Is flagged on

Answer: A,B,C

Question 3

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 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

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

Page: 1 / 33

Total 165 Questions | Updated On: Sep 15, 2026

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