Online Access Free 1z1-343 Exam Questions

Which two statements are true for Procurement Management User Defined Codes (UDCs)? (Choose two.)

• A.Procurement System Hold Codes (42/HC) is hard coded and has special handling code logic.
• 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.To enable the routing of receipts, only receipts routing UDC is required; operations routing UDC is optional
• D.Schedule Name, Landed Cost Components, Order Templates, Item Price Groups, and Commodity Class Codes are required UDCs for Procurement Management

Which two actions allow you to prevent users from entering an invalid cost type during Subcontract Entry?
(Choose two.)

• A.Set up the cost type in the CT and CR AAIs.
• B.Set up a default cost type in the processing options behind the version of Subcontract Entry being used.
• C.Set the correct cost type in the 4310 DMAAI.
• D.Turn on the processing option to validate Financial AAIs behind the version of Subcontract Entry being used.

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 Override Next Status Code Processing option in Purchase Order Entity (P4310) was not set to advance the second purchase order past an approved status.
• C.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.
• D.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.
• E.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.

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 cost is incorrect for one of the warehouses. The client should reverse the transfer, verify the cost, and re-enter the transaction.
• B.The client should carry the inventory cost at different amounts for each warehouse. This approach ensures that a variance journal entry is created.
• C.The AAIs are set up incorrectly. Correct the AAIs so that the journal entry amount will appear.
• D.No correction is necessary. A batch with a blank amount is correct.
• E.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.

Your customer wants to set up supplier pricing for a stock item to default unit cost based on supplier, item, and item branch.
What item information setup is required?

• A.Item Branch, Purchasing Price Level
• B.Item Master and Item Branch, Purchasing Price Level
• C.Item Branch, Inventory Cost Level
• D.Item Master, Purchasing Price Level
• E.Item Branch, Sales Price Level