Oracle Exam 1Z0-342 Topic 4 Question 70 Discussion

Actual exam question for Oracle's 1Z0-342 exam

Question #: 70
Topic #: 4

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?

ATo update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information.

BManually enter information into the Tax Table.

CRevise 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.

DAfter the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table.

Show Suggested Answer

Suggested Answer: A, B

by Josphine at Feb 07, 2023, 07:09 AM

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Rosio

1 months ago

I'm just glad I don't have to deal with taxes. That's what accountants are for, right? Let's hope the right answer doesn't involve any complicated tax calculations.

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Magda

2 days ago

User 3: D) After the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table.

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Justine

9 days ago

User 2: A) To update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information.

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Tonja

18 days ago

User 1: I'm just glad I don't have to deal with taxes. That's what accountants are for, right?

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Melinda

2 months ago

Hmm, A sounds like a quick fix, but I'm not sure the tax gods would approve. Better not mess with the tax table unless you want the IRS knocking on your door.

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Frank

7 days ago

User 3: Definitely, let's not take any chances with the tax table. Option D seems like the best way to go.

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Louisa

20 days ago

User 2: I agree. Option C sounds like a safer bet. Let's stick to the proper procedures.

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Edmond

26 days ago

User 1: Yeah, A seems like a risky move. We don't want any trouble with the tax authorities.

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Georgiana

2 months ago

B? Manually entering tax information into the table? That's like trying to fix a leaky faucet with chewing gum. Definitely not the best solution here.

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Oneida

9 days ago

D) After the R09801 processing options are updated, change the batches to Approved and post the batches again to update the tax table.

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Vesta

11 days ago

C) 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.

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Malissa

26 days ago

A) To update tax amounts, simply use the Speed Status Change program (P03B114) and revise transaction amount information.

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Willard

2 months ago

I'm not sure about option C. I think option D might be a better solution. We should update the processing options and then post the batches again to update the tax table.

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Ilona

2 months ago

D is the correct answer. After updating the processing options, posting the batches again will automatically update the tax table. Seems straightforward enough.

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Amina

1 months ago

Yes, it's straightforward. Just update the processing options and post the batches again to update the tax table automatically.

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Ernie

1 months ago

I agree, D is the correct answer. It's a simple solution to update the tax table.

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Muriel

2 months ago

Option C is the way to go. Revising the posted batch with the tax-only explanation codes is the easiest solution to update the tax amounts.

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Veta

30 days ago

User 4: Let's revise the posted batch using the tax-only explanation codes.

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Roslyn

1 months ago

User 3: I think we should go with Option C as well.

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Malcom

1 months ago

User 2: Agreed, it's the easiest way to update the tax amounts.

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Flo

1 months ago

User 1: Option C is definitely the best solution.

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Dahlia

2 months ago

I agree with Thad. Option C seems like the most efficient way to update the tax table.

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Thad

3 months ago

I think option C is the best solution. We can revise the posted batch by entering tax information as an additional pay item using the tax-only explanation codes.

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