2023 Latest 100% Exam Passing Ratio – 1z0-1057-22 Dumps PDF [Q26-Q47]

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2023 Latest 100% Exam Passing Ratio – 1z0-1057-22 Dumps PDF

Pass Exam With Full Sureness – 1z0-1057-22 Dumps with 92 Questions

Oracle 1z0-1057-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Navigation, User, Personalization and Approvals Describe the Applications Security Console
Topic 2	Configure Project Cost Collection Center Explain capitalized interest calculations
Topic 3	Describe the components of Oracle Project Management Cloud Set up Project Financial Management Organizations
Topic 4	Configure and Manage Project Invoicing and Revenue Describe common project execution components
Topic 5	Configure Project Resource Management Configure Project Performance Reporting
Topic 6	Configure Project Cross Charging and Transfer Pricing Explain the components available for integration

QUESTION 26
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)

only one labor resource assignment with 100 effort

lowest-level tasks set up with non-zero duration

lowest-level tasks set up with zero duration

only one labor resource assignment with 0 effort

percent work complete values of 0 or 100 percent

QUESTION 27
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

QUESTION 28
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

Expenditure Type

Projects

Contract Line

Contract Header

Task

QUESTION 29
Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

Project Manager

Project Administrator

Project Application Administrator

Project Accountant

QUESTION 30
Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

The current period start date is used for calculating labor demand for the current year.

The current date is used for calculating labor demand for the current year.

The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.

QUESTION 31
Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client’s expectations. Identify two valid rules based on which cost association works. (Choose two.)

If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.

If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.

If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.

QUESTION 32
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

Create a revenue method with a revenue method classification of Amount Based.

Create a revenue method with a revenue method classification of Rate Based.

Create a revenue method classification with a revenue method of Percent Spent.

Create a revenue method classification with a revenue method of Percent Complete.

QUESTION 33
Which two statements are true about a project in “Draft” status? (Choose two.)

Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.

Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

QUESTION 34
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

billing events

bill plan

expenditure items

billing controls

invoice method

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan – Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan – not a separate setup.
Billing Controls – Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic – Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
Create a project.
Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
Create an approved cost budget.
Create cost and burden rates.
Enter labor and expense transactions for the project.
Collect costs for the transactions.
Configuration Steps
Creating the Contract
Creating the Percent Spent Contract Lines
Creating the Bill Plan – A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans.
Creating the Revenue Plan – Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.

QUESTION 35
Which two statements are true about the cross-charge method, Borrowed and Lent?

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

Costs or revenue are shared based on transfer price rules with this method.

You must set up the contract business unit to use this method.

This method creates a formal internal invoice.

QUESTION 36
You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

On Hold > Pending Acceptance > Active

On Hold > Pending Approval > Active

Pending Approval > Pending Acceptance > Active

Pending Acceptance > Pending Approval > Active

QUESTION 37
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

work type

event type

cost type

expenditure type

QUESTION 38
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

The application role relevant to the China business unit is not assigned to the project accountant.

The project accountant is not assigned to the external role that grants access to the China business unit.

The US and UK business units are linked to different ledgers than the China business unit.

The China business unit is associated with a different legal entity than the US and UK business units.

QUESTION 39
Which two statements describe how the Resource Qualification Score is calculated?

An individual’s score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.

An individual’s score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.

An individual’s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.

An individual’s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

QUESTION 40
Which five steps are required for the File-Based Data Import Integration option?

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

QUESTION 41
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

Enter progress for tasks.

Receive email notifications about changes that team members make to a task.

View task details and the task activity stream.

Edit task details.

QUESTION 42
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)

Accounting date is the same as the original invoice date.

Project accounting date is the same as the original invoice date.

Project accounting date is the first day of the first open project accounting period.

Project accounting date is the last day of the open project accounting period.

Accounting date is the first day of the first open accounting period.

QUESTION 43
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

USD 184

USD 120

USD 134

USD 70

QUESTION 44
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

Manage Project Plan Resource Assignment

Transfer Project

View Project Progress

Allocate Project Expense

QUESTION 45
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

Project Contract-based costing

Project Contract-based billing

Project Contract Collection Center

Contract Team Connect

QUESTION 46
You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)

The organization is not classified as a project-owning organization.

The organization is not classified as a project expenditure organization.

The organization is not included in the organization tree that is assigned to the business unit that owns the PO.

The organization is classified as a project unit.

QUESTION 47
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

Enable track missing time at project unit.

Enable track missing time at project type.

Enable track missing time at project template.

Enable track missing time at business unit.