Oracle Exam 1Z0-342 Topic 8 Question 115 Discussion

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

Question #: 115
Topic #: 8

You were asked to assist a Technical developer who is modifying a standard online inquiry In EnterprtseOne. The developer wants to understand how the Cumulative Prior Year End balance is calculated.

Which statement is TRUE of the Cumulative Prior Year End balances for Income Statement accounts when you view online?

AThe Cumulative Prior Year End balances shows posted and non-posted balances for the prior year end.

BThe Cumulative Prior Year End balances show the same type of balances that the balance sheet does.

CThe Cumulative Prior Year End balances include the Net Posting amounts for the prior year end.

DThe Cumulative Prior Year End balances do not include the Net Posting amount for the prior year end.

EThe Cumulative Prior Year End balances include the Net Posting amounts for only domestic entries for the prior year end.

Show Suggested Answer

Suggested Answer: C

by Ronald at Apr 06, 2025, 06:10 AM

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Maurine

1 months ago

I heard the developer who wrote this question loves to play tricks on us. Guess I'll just go with my gut and choose option C. Better safe than sorry!

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Mose

1 days ago

Let's go with option C then. It seems like the most logical choice.

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Abel

3 days ago

I agree, it's always better to be safe than sorry when it comes to these tricky questions.

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Helaine

17 days ago

I think option C is the best choice. It makes sense to include the Net Posting amounts for the prior year end.

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Nichelle

1 months ago

Ah, I got it! The answer is C. The Cumulative Prior Year End balances include the Net Posting amounts for the prior year end. Easy peasy, lemon squeezy!

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Alesia

18 days ago

Yes, it's crucial for the developer to have a clear understanding of how the Cumulative Prior Year End balances work.

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Filiberto

1 months ago

Good job! It's important to understand how those balances are calculated.

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Dona

1 months ago

That's correct! The Cumulative Prior Year End balances include the Net Posting amounts for the prior year end.

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Brandon

2 months ago

Wait, are we sure the Cumulative Prior Year End balances don't include the Net Posting amounts for international entries? This is getting confusing.

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Dianne

11 days ago

D) The Cumulative Prior Year End balances do not include the Net Posting amount for the prior year end.

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Chuck

15 days ago

C) The Cumulative Prior Year End balances include the Net Posting amounts for the prior year end.

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Emilio

18 days ago

B) The Cumulative Prior Year End balances show the same type of balances that the balance sheet does.

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Gracia

23 days ago

A) The Cumulative Prior Year End balances shows posted and non-posted balances for the prior year end.

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Elina

2 months ago

Hmm, the question seems a bit tricky. I'm going with option D, the Cumulative Prior Year End balances do not include the Net Posting amount for the prior year end.

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