Oracle JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials

QUESTION NO: 1
Which three options are available if a component already exists in the target environment, when you import a statement definition?

A. renaming duplicates B. prompting for each existing component C. creating duplicates D. replacing all components E. skipping existing components

Correct Answer: A,D,E

QUESTION NO: 2
After reviewing the Ledger Type Rules Setup, your client has requested that you help them change their AA ledger to allow direct balance updates. This will save them time during month-end close.
Which item will you relay to your client?

A. Instead of changing the Ledger Type Setup, simply navigate to the budget programs, change the ledger type from BA to AA and make necessary updates. This will eliminate the need to continually update the Prevent Direct Balance Update check box. B. You may deselect the Prevent Direct Balance Update check box for the AA ledger; however, similar to the creation of a one-sided journal entry, allowing direct balance updates to the AA ledger should be used with extreme caution and restricted to only senior levels of the organization. C. Amount and corresponding unit ledgers must both be updated or error messages will be displayed; for example, if allowing direct balance updates for the AA ledger you must also allow direct balance updates to the AU ledger. D. Once initially set, the Prevent Direct Balance Update check box cannot be changed for any ledger type. E. The Prevent Direct Balance Update check box must be selected for the AA ledger.

Correct Answer: E

QUESTION NO: 3
Your client posted some Invoice batches with taxes but failed to set up the General Ledger Post Report program (R09801) to update the tax table.
Which two solutions should you provide?

A. After the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table. B. Revise the posted batch by entering tax information as an additional pay item using the tax-only explanation codes (ST, UT, VT, BT, or CT), or enter a new tax-only transaction and post the batch. C. To update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information. D. Manually enter information into the Tax Table.

Correct Answer: A,D

QUESTION NO: 4
Your client needs to make changes to vouchers. Which four actions can be performed with Speed Status Change?

A. Release a group of vouchers m preparation for payment. B. Change the bank account on existing vouchers. C. Change a group of vouchers to allow payment by electronic funds transfer. D. Split a voucher for payment to different payees. E. Increase the discount amount on a group of vouchers.

Correct Answer: A,B,C,D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 5
Which four updates happen in the Accounts Receivable tables when you change the gross amount on a posted unpaid invoice?

A. The system adds a record to the Invoice Revisions table (F03B112). B. The system sets the Payment Status to H (Held) in the Customer Ledger table (F03B11). C. The system updates the A/R Post Status field (ISTR) to 1 on the invoice record in the Customer Ledger table (F03Bii). D. The system removes the posted code on the invoice in the Customer Ledger table (F03B11). E. The system recalculates the Discount Due Dates in the Customer Ledger table (F03B11). F. The system recalculates the open amount In the Customer Ledger table (F03B11). G. The system creates a new line item for the changed Gross Amount in the Customer Ledger table (F03B11).

Correct Answer: A,C,F,G

QUESTION NO: 6
Your client has asked that you set up the supplier payment terms. Assume they are using Standard Voucher Entry. What happens to the payment terms field in the header if payment terms are specified in the grid?

A. The payment terms field in the header is disabled and the system uses the value entered in the grid. B. A soft error occurs. C. The system ignores the value entered in the payment terms field in the grid and continues to use the value in the header. D. Nothing, there are no payment terms field in the grid. E. The system uses the payment terms found on the supplier master record.

Correct Answer: A

QUESTION NO: 7
Your client wants the system to calculate discounts on the gross amount of a voucher plus tax. In which of the following programs can the client set up the system to calculate discounts in this manner?

A. Supplier Master B. Processing Options for Voucher Entry C. Tax Explanation Codes D. Tax Rules by Company E. A/P Constants

Correct Answer: C

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 8
What must happen prior to making a payment to a supplier?

A. The Suppliers phone number must be entered into the Address Book B. A Supplier Master must be created C. A Customer Master must be created D. Payroll checks must be run before Accounts Payable checks can be printed

Correct Answer: C

QUESTION NO: 9
Which two observations are true about the AutoSuggest function?

A. It can be turned off via a Form Exit B. it cannot be turned off C. it is a user preference D. it is a system wide function E. it can be turned on per application

Correct Answer: D,E

QUESTION NO: 10
A user wants to export grid data. Which two statements are true?

A. Exporting data can be done both to Excel and a CSV file. B. Exporting data to Word is not possible. C. Exporting data to Excel is limited to 999 columns. D. Exporting data to Excel can be performed for interactive applications. E. Exporting data to Excel cannot be done from the Web Client.

Correct Answer: A,D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 11
When the business unit, job or project is flagged as adjustment only, the following is true:

A. You are allowed to post budget transaction only to this business unit B. You are not allowed to post transactions to this business unit. C. You can post only specific document types to this business unit. D. You have to specify a subledger in a transaction for this business unit.

Correct Answer: C

QUESTION NO: 12
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. Speed Voucher Entry B. Multi-Company, Single-Supplier C. Standard Voucher Entry D. Voucher Logging Entry E. Multi-Voucher, Multi-Supplier

Correct Answer: A

QUESTION NO: 13
The Batch-program 'Identify New Entries' does which two of the following?

A. makes the program 'Revise Unposted Entries1 find FA entries quicker B. posts amounts to the Fixed Assets Ledger C. reconciles the General Ledger to the Fixed Assets Balances D. updates the General Ledger table F0911 E. creates new fixed assets master records

Correct Answer: A,D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 14
You have created a credit invoice and need to find the record in the Customer Ledger Inquiry screen (R03B2002). Which document type will you add to the QBE line to help you find the record?

A. RF B. RI C. RD D. RM

Correct Answer: D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 15
Which statement is correct about payment status?

A. The special handling code must be populated for all payment status values. B. All payment status values are soft-coded and can be changed. C. Some payment status values are soft-coded. D. Payment status values A, H, #, and Pare the only hard-coded values. E. All payment status values are hard-coded.

Correct Answer: C

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