1Z0-343 Practice Questions

Question 1

A client transfers inventory between warehouses within the same company. Both warehouses carry the inventory at the same cost. In the Journal entries tor the transfer, the client finds that the batch amount is blank.

Identify the correct reason why this happened.

Accepted Answer

No correction is necessary. A batch with a blank amount is correct.

Answer

The client should reverse the transfer transaction, create an issue to remove quantity from the old location, and then create an adjustment to add quantity to the new location.

Answer

The AAIs are set up Incorrectly. Correct the AAls so that the journal entry amount will appear.

Answer

The cost is incorrect for one of the warehouses. the client should reverse the transfer, verify the cost, and reenter the transaction.

Answer

The client should carry the Inventory cost at different amounts for each warehouse. This approach ensures that a variance Journal entry is created.

Question 2

Your client and their supplier have an agreement that the supplier will not send invokes. Your client will pay the supplier based on what they receive.

How should you set this up to ensure that the system processes this supplier's invoices according to the agreement?

Accepted Answer

Set the Evaluated Receipts field In Purchasing Instructions to Y.

Answer

Set the Supplier Cross-Reference code to process evaluated receipts.

Answer

Set the processing options In the Voucher Match program to allow Evaluated Receipts Settlement.

Answer

Set the Evaluated Receipts field In the Purchase Order Entry program to Y.

Answer

Process only EDI-generated invoices.

Question 3

Your client is live on Sales Order Processing. They are adding a new branch/plant to their supply chain. The new branch/plant will use the same Sales Older Type. SO, but they do not require the printing or sales acknowledgment alter entering the order.

What changes are required to the Order Activity Rules, if line type is S?

Accepted Answer

Delete the Print Acknowledgement step In the Order Activity Rules for that branch for order type SO and line type S.

Answer

Add a status in the Other Allowed Held tor the Print Acknowledgement step for order type SO to bypass the print function.

Answer

Add a status In the Other Allowed Held for the Enter Order step for Order type SO and line type S to bypass the print function.

Answer

Change the Next Status field for the Print Acknowledgement step for order type SO and line type S to bypass the print function.

Answer

Add a status in the Other Allowed field for the Print Acknowledgement step for order type SO and line type S to bypass the print function

Question 4

What process should you use when the ownership over the goods is maintained until they are actually delivered to the customer?

Accepted Answer

Create Intermodal Routes to track all the carriers in the transportation process.

Answer

Request proof of delivery from customer after Ship Confirmation.

Answer

Add shipment to a Compartmentalized Load.

Answer

Add shipment to an In-transit load and perform delivery confirmation.

Question 5

When setting up Kit Items in E1. how does the system store those items?

Accepted Answer

Inventory tor Kit Patents Items is stored In a dedicated Kit's location.

Answer

The system stores the parent items in the F41021 file and adds text lines for the components during sales order entry.

Answer

The system does not carry inventory tor the parent Item; the parent item simply represents all components bundled together 05 an assembled Item and only components are stored in the system.

Answer

The system creates a Work Order for the Parent Item and when the work order is completed, the inventory is updated to a specific location where the sales order can be hard committed.

Free Oracle 1Z0-343 Exam Practice Questions & Explanations