JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials (1Z0-342) Practice Exam

JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials (1Z0-342) Practice Exam

The JD Edwards EnterpriseOne Financial Management 9.2 Certified Implementation Specialist credential recognizes professionals with comprehensive knowledge of JD Edwards financial applications. This certification covers program navigation (EnterpriseOne Pages, Favorites, Row & Form Exists), configuration of accounts payable (AAIs, automatic payment processing, payment terms, UDCs, tax setup), supplier setup, and implementation of accounts receivable components.

It also validates expertise in understanding GL business processes, performing account balance inquiries, managing fixed assets, executing depreciation calculations, and leveraging OneView General Ledger and financial statements for advanced reporting and analysis.

Who should take the exam?

The JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials (1Z0-342) exam is:

• Individuals who want to gain foundational knowledge and skills necessary to implement and support the JD Edwards EnterpriseOne Financial Management system (version 9.2).
• New JD Edwards Implementers
• Functional Consultants
• End-Users

Exam Details

• Exam Name: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials
• Exam Number: 1Z0-342
• Exam Languages: English
• Exam Questions: 80 Questions
• Time: 120 minutes
• Passing Score: 65%

Course Outline 

The Exam covers the given topics  - 

Topic 1: Learn Common Foundation / Address Book (AB)

• Describe the Address Book
• Describe program navigation (including EnterpriseOne Pages, Favorites, Row and Form Exists, etc.)
• Create Composite Application Framework content

Topic 2: Accounts Payable (AP)

• Describe the AP Business Process (including Procure to Pay)
• Describe configuration components for Accounts Payable (Including AAIs, Automatic Payment Processing, Payment Terms, UDCs, Tax set up, etc.)
• Describe the Supplier Master
• Process Vouchers and Voucher Match 
• Perform an automatic Voucher Match
• Process Payments (automatic and manual)
• Approve and post  AP transactions to the General Ledger (GL)
• Update and review tax information 
• Describe the OneView Supplier Ledger and Payment Inquiry
• Analyze Accounts Payable reports and Integrity reports

Topic 3: General Accounting (GL)

• Describe the GL Business Process
• Describe configuration components for General Ledger (including AAIs, UDCs, DMAAIs, Category Codes, Intercompany Settlements, Company, Multicurrency, Business Unit Chart of Account, etc.)
• Process Journal Entries
• Set up Allocations
• Perform account reconciliation 
• Describe the OneView General Ledger and Account Balance inquiry
• Analyze General Accounting inquires and reports (including integrity reports and financials reports)
• Process online consolidations
• Create budgets
• Perform Cash Forecasting

Topic 4: Accounts Receivable (AR)

• Describe the AR Business Process (including the Order to Cash Process)
• Describe configuration components for Accounts Receivable (including AAIS, UDCs, Payment Terms and  Advanced Payment Terms, Tax set up,  Line of Business, etc. )
• Utilize the AR Credit and Collections Process
• Describe the Customer Master
• Process AR invoices
• Process AR Cash Receipts (manual and automatic)
• Post AR transactions to the General Ledger (invoices and receipts)
• Process Credit Reimbursements
• Describe the OneView Customer Ledger and Receipts inquiry
• Review and maintain tax information
• Analyze the Accounts Receivable Inquiry and Reports (including Customer Ledger Inquiry and Integrity Reports, Credit and Collection reports, etc.)
• Describe the Revenue Recognition process

Topic 5: Fixed Assets (FA)

• Describe the Fixed Asset Process 
• Set up Fixed Assets (including AAIs, UDCs, Disposal Rules, Depreciation Defaults, User Defined Depreciation, Category Code Mapping, etc.)
• Manage Asset Records and Locations
• Process General Ledger Entries for Fixed Assets
• Process Transfer Assets to New Locations
• Process Asset Splits and Disposals 

Topic 6: OneView Financials Statements (OVFS)

• Describe the OneView Financial Statement Process 
• Create and generate a new statement 
• Explain import and export functionality in OVFS