Exam Preparation
Questions in the exam are based on official training material provided by Oracle over different official platforms. Also the information in the following pieces of training is the source for the exam. Hence, Candidates should complete the following training courses before appearing for the certification exam.
Candidates should complete one of the below-mentioned pieces of training for the proper understanding of content and topics
- JD Edwards EnterpriseOne - Applications Learning Subscription
- Unlimited Product Learning Subscription
There are two main types of resources for preparation of certification exams first there are the study guides and the books that are detailed and suitable for building knowledge from the ground up then there are video tutorial and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. It is recommended to prepare notes and practice 1z0-342 Exam exam dumps.
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Exam Content
The examination consists of 80 Questions. Candidates should score 65% to clear the examination.
Formats of Question
- Multiple Response Multiple-choice questions: Two or More Correct response from the given options best suits the statement or answers the question.
- Single Response Multiple-choice questions: Only One correct response from the given options best suits the statement or answers the question.
Exam Duration
Candidates will have 120 minutes for attempting 80 questions. So, it becomes important for the candidates to time-box the exam and restrict spending too much time on one question or one topic.
Exam Results
The Oracle 1z0-342 certification is a pass or fail examination and the candidate has to score a minimum of 65% to be termed as pass in the certification exam.
Candidates will receive an email with the result from Oracle within 30 minutes of completing the Certification exam. Exam results are also available on the CertView web portal and the candidate can visit the portal and login to the CertView account to view the exam results and get further details.
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Topics to Cover
Oracle 1z0-342 Certification Exam is based on the learnings, key topics, and activities encountered during oracle pieces of training and implementations.
Following are the major topics along with the sub-skills, a candidate should cover while preparing for the examination. These topics will give the candidates a clear view of which topics and skills inclusive, one should focus on for the certification.
Note: The list and details are not an all-inclusive content list. Oracle reserves the right to change and update the content (topics and sub-skills) at any point in time.
Address Book (AB) Describe the Address Book Describe program navigation Create content for Composite Application Framework
General Accounting General Ledger Business Process Describe configuration components for General Ledger Process Journal Entries Set up Allocations Perform account reconciliation Describe the OneView General Ledger Analyze General Accounting inquires and reports Process online consolidations Create budgets Perform Cash Forecasting
Fixed Assets Describe Fixed Asset Process Set up Fixed Assets Manage Asset Records and Locations Process General Ledger Entries for Fixed Assets Process Transfer Assets to New Locations Process Asset Splits and Disposals
Accounts Receivable Describe Accounts Receivable Business Process Describe configuration components for Accounts Receivable Utilize the AR Credit and Collections Process Describe Customer Master Process AR invoices Process AR Cash Receipts Post AR transactions to General Ledger Process Credit Reimbursements Describe OneView Customer Ledger and Receipts inquiry Review and maintain tax information Analyze Accounts Receivable Inquiry and Reports Describe Revenue Recognition process
OneView Financial Statements Describe OneView Financial Statement Process Create and generate new statements Explain import and export functionality in OneView Financials Statements
Payable Accounts Describe Accounts Payable Business Process Configuration components for Accounts Payable Describe Supplier Master Process Vouchers and Voucher Match Perform Automatic Voucher Match Process Payments Approve Post AP transactions Update and review tax information Describe the OneView Supplier Ledger and Payment Inquiry Analyze Accounts Payable and Integrity reports
The candidate needs to go through and be proficient in every topic.
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Oracle 1z0-342 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounts Receivable (AR) | - Receipts, credit management, and GL posting - AR inquiries and reporting - Customer master and invoice processing - Set up AR system components - AR business process |
| General Ledger (GL) | - GL business process and configuration - Set up companies, business units, chart of accounts - Process journal entries, allocations, and reconciliations - Budgets, consolidations, and financial reporting - OneView General Ledger and account inquiries |
| Accounts Payable (AP) | - Process vouchers, voucher match, and payments - Supplier master configuration - Set up AAIs, UDCs, payment terms, and tax - Post AP transactions to GL and run reports - AP business process overview |
| Fixed Assets (FA) | - Depreciation calculation and posting - Asset master creation and lifecycle management - Fixed Assets business process - FA system setup and AAIs - Asset transfers, disposals, and reporting |
| Common Foundation / Address Book | - Create Composite Application Framework content - Describe program navigation - Describe and set up Address Book |
| OneView Financials Statements | - Overview of OneView Financials - Analyze and customize financial reports - Configure and run financial statements |
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