Your client's pricing strategy includes contract prices, trade discounts, base prices, and standard price adjustments.
Which statement describes the hierarchy that defines how the system determines a price on a sales order?
A. Base price with standard price adjustment, base price with trade discount, contract price, and base price
B. Base price with trade discount, base price with standard price adjustment, base price, and contract price
C. Base price with trade discount, base price with standard price adjustment, contract price, and base price
D. Base price with trade discount, contract price, base price with standard price adjustment, and base price
E. Contract price, base price with standard price adjustment, base price with standard price adjustment, and base price
A customer's credit limit has been established at $10,000 and current outstanding A/R is $7,000. The customer has active, unshipped sales orders with request dates that are two months in the future and total $3,000. The customer calls today with a $500 order to be shipped immediately.
What happens to the order?
A. The order goes on hold, because credit checking is performed for the total exposure, which includes open orders regardless of their request dates.
B. The order does not go on hold, because credit checking only compares the dollar value for open orders against the credit limit.
C. The order does not go on hold. The system automatically determines that the request date of the new order comes before the request dates of the existing open orders. The system will allow the $500 order to be processed, and put a credit hold on the order with the request date furthest in the future.
D. The order goes on hold, because the total A/R amount is greater than 5% of the total of A/R and open orders.
E. The order does not go on hold, because the actual outstanding A/R has not exceeded the credit limit, and the $500 order would still cause the total exposure to be less than $10,000.
A client transfers inventory between warehouses within the same company. Both warehouses carry the inventory at the same cost. In the journal entries for the transfer, the client finds that the batch amount is blank.
Identify the correct reason why this happened.
A. 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.
B. The AAIs are set up incorrectly. Correct the AAIs so that the journal entry amount will appear.
C. No correction is necessary. A batch with a blank amount is correct.
D. The cost is incorrect for one of the warehouses. The client should reverse the transfer, verify the cost, and re-enter the transaction.
E. The client should carry the inventory cost at different amounts for each warehouse. This approach ensures that a variance journal entry is created.
Your client is entering sales orders using base pricing.
What logic does the system use to retrieve the price based on the effective dates?
A. Past Due Date
B. Delivery Date
C. Earliest Expiration Date
D. Closest Start Date
E. Order Date
A customer is attempting to generate a purchase order from a requisition, but is receiving a Date Invalid error.
What is the cause of this error?
A. The cancel date on the requisition header is in the past.
B. The G/L date on the requisition detail is in the past.
C. The order date on the requisition detail is in the past.
D. The requested date on the requisition header is in the past.
What is the effect on the Item Ledger when Sales Update is run, if that inventory is relieved during Ship Confirm and the G/L date is added to the record?
A. The document created in the Item Ledger during Ship Confirm has no document type assigned. When Sales Update is run, this document is overridden by the invoice number and invoice document type.
B. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger.
C. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger, and the item's cost in the inventory document is updated to the latest cost.
D. The invoice number and invoice document type override the document type created in the Item Ledger during Ship Confirm. Then the item's cost is updated to the latest cost.
E. The invoice number and invoice document type that are associated with the sales order override the document type and the document number that were created in the Item Ledger during Ship Confirm.
Your client is interested in using Sales Transfers to record the movement of goods between warehouses.
How is inventory committed when you enter a Sales Transfer order?
A. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: On PO
B. Shipping Branch/Plant: In Transit. Receiving Branch/Plant: On PO
C. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: Other Quantity 1
D. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: In Transit
E. Shipping Branch/Plant: In Transit. Receiving Branch/Plant: In Transit
Which two statements are true for Procurement Management User Defined Codes (UDCs)? (Choose two.)
A. Schedule Name, Landed Cost Components, Order Templates, Item Price Groups, and Commodity Class Codes are required UDCs for Procurement Management
B. UDC 41/9 identifies the G/L offset that the system uses when it searches for the account to which it posts procurement transactions.
C. Procurement System Hold Codes (42/HC) is hard coded and has special handling code logic.
D. To enable the routing of receipts, only receipts routing UDC is required; operations routing UDC is optional
You want zero quantity tolerance on a specific item during receipt. The item belongs to a group that currently gets a 10% tolerance.
How can you accomplish this?
A. In the Item Branch/Plant, set the tolerance to zero.
B. Set the tolerance for the specific item to zero in Tolerance Rule Setup.
C. Set the tolerance processing option in the Receipts program to zero.
D. Set up an order hold code for zero tolerance.
E. Set the tolerance for the company to zero in Tolerance Rule Setup.
A client has entered two purchase orders. Based on the total amount, the first purchase order is required to go through the approval process and has not yet been approved. The second purchase order does not require approvals. The items on each purchase order are now on the dock ready to be received. The receiving clerk can find only the purchase order that did not go through the approval process.
Identify the reason for this.
A. The processing option of the Enter Receipts by PO program is set to display only orders that have gone through the approval process and are activated.
B. The values in the Incoming Last Status Codes processing options of Enter Receipts by PO program do not include both values for the purchase orders.
C. The values in the Acceptable Incoming Next Status Codes processing options of the Enter Receipts by PO program do not include the value for unapproved purchase orders.
D. The Override Next Status Code Processing option in Purchase Order Entity (P4310) was not set to advance the second purchase order past an approved status.
E. Purchase orders that go through the approval process must have an Other Allowed Value of Record Purchase Receipt on the approvals line of the Order Activity Rules.
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only Oracle exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your 1Z0-343 exam preparations and Oracle certification application, do not hesitate to visit our Vcedump.com to find your solutions here.