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Free Oracle 1Z0-342 Actual Exam Questions

The questions for this exam were last updated on January 7, 2026

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Question No. 1

When you enter a foreign voucher with VAT tax using the Standard Voucher Entry application, the
system triggers error 0960: VAT not allowed with Currency Code.
What setting is required to allow this type of transaction to be entered?

Select one option, then reveal solution.

Question No. 2

Which of the following is NOT an element of Asset Depreciation?

Select one option, then reveal solution.

Question No. 3

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?

Select one option, then reveal solution.

Question No. 4

Your client indicated that the standard delivered report does not meet their business requirement.
You recommend that they create a new report using the Financial Report Writer.
Which four statements are TRUE regarding the Financial Report Writer?

Select all that apply, then reveal solution.

Question No. 5

Your client wants to set up batch approval and post security for the Accounts Payable system without preventing any users from reviewing batches. Which three items will help your client complete this task?

Select all that apply, then reveal solution.

Question No. 6

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

Select one option, then reveal solution.

Question No. 7

Which option shows the correct steps for processing automatic payments?

Select one option, then reveal solution.

Question No. 8

Which set of tables does the One View Supplier Payment Inquiry application (P04720) combine
information from?

Select one option, then reveal solution.

Question No. 9

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?

Select all that apply, then reveal solution.

Question No. 10

You ran the application Credit Analysis Refresh program (R03B525). Which table does the system use
to display Information on the Account Balance Inquiry Application?

Select one option, then reveal solution.

Question No. 11

A new accountant at your client processed the Mass Asset Disposal program (R12104) for two assets
by selecting only the AA ledger. When reviewing the disposal batch, the accountant discovered that
there were duplicate entries created for the asset disposals.
What caused the duplicate entries?

Select one option, then reveal solution.

Question No. 12

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?

Select one option, then reveal solution.

Question No. 13

Which statement is correct about the Order-to-Cash process?

Select one option, then reveal solution.

Question No. 14

Your client needs assistance in setting up allocations for the company.
When you review allocation journal entries, the allocations review displays only batches with the
batch type_____; if you make changes to the batch, the system updates the_____; and_____; tables.

Select all that apply, then reveal solution.

Question No. 15

A user wants to export grid dat
a. Which two statements are true?

Select all that apply, then reveal solution.