Oracle Updated 1z0-342 Exam Questions and Answers by mylo

Set the automatic accounting instruction PT to post to a BU. OBJ. Then set up the chart of accounts with BU.081 SUB, where the SUB Is equal to the tax authority.

Set up the tax rate area to point to PTyyyy and setup the PYyyyv to point to different accounts by tax rate area.

Set the automatic accounting instruction PT to post to a BU. OBJ. Then setup the chart of accounts with BU.OB3. SUB, where the SUB is equal to the tax rate area.

Set up automatic accounting instructions PTyyyy, where yyyy is equal to the tax rate area.

Instruct the Account Payable user to enter the distribution to different accounts based on the tax rate area.

It is the highest level of the reporting structure

The Fiscal Year Pattern is defined at the Parent Company level

A Balance Sheet can be produced at the Parent Company level

A Balance Sheet can NOT be produced at the Parent Company level

It is the lowest level of the reporting structure

Business units coded with a 'BS1 in the Business Unit type field cannot be used for income statement accounts.

Business units do not allow category codes.

Business units are duplicated in each company.

Business units are the lowest organizational reporting level for your company.

Business units do not allow level of detail.

The AP Annual Close has not been processed.

Your Data Selection in the Supplier Master report is incorrect.

The aging accounts are not set up in the A/P Constants.

The Beginning Year A/P and A/P period fields have not been updated In the Company Numbers and Names.

The Supplier/Customer Totals by G/L Accounts report has not been run.