2022 Valid 1Z0-1057-21 FREE EXAM DUMPS QUESTIONS & ANSWERS
Free 1Z0-1057-21 Exam Braindumps Oracle Pratice Exam
NEW QUESTION 51
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they reviewthe rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)
- A. Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
- B. Define allocation basis by using Actual Amounts with a project-to-date amount class.
- C. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
- D. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
- E. Allocate rental costs once each accounting period by using the"full" allocation method.
Answer: A,C,E
NEW QUESTION 52
Your customer has the following setups onthe project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, youperform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would thecorrect behavior of the application be after these actions? (Choose the best answer.)
- A. After the creation andsaving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
- B. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
- C. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
- D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
Answer: B
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-an
NEW QUESTION 53
Identify three correct statements about project types. (Choose three.)
- A. Project type can be associated with multiple project units.
- B. Classifications can be assigned
- C. Project type can be usedas a source
- D. Summarization options can be specified at project type.
- E. Project type can beenabled for both billing and capitaliz
Answer: B,C,E
NEW QUESTION 54
Select two correct statements about project classifications on a template. (Choose two.)
- A. Project class category in a project classification must be associated with a Set Code.
- B. Set Code isnotrequired for a project class category in a project classification.
- C. When a project is created from a template, the required project classifications must be entered.
- D. Project Classification is a mandatory field on a project template.
Answer: B,C
NEW QUESTION 55
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)
- A. time audit rules
- B. project time validation rules
- C. time entry rules
- D. time calculation rules
Answer: C
NEW QUESTION 56
Identifythethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three
- A. Expenditure Type
- B. Contract Line
- C. Contract Header
- D. Task
- E. Projects
Answer: B,D,E
Explanation:
Explanation
Reference: https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm
NEW QUESTION 57
Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?
- A. Project Tasks
- B. Project Templates
- C. Project Billing Events
- D. Project Budgets
Answer: A,C,D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm
NEW QUESTION 58
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)
- A. assignment to multiple sets; no common values allowed
- B. assignment to one set only with common values
- C. assignment to one set only; no common values allowed
- D. assignment to multiple sets; common values allowed
Answer: A
Explanation:
Explanation
Reference: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.htm ReferenceData Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplestform of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transactiontypes. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed.The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.It means that each payment term can be assigned to one or more than one set.For example,you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that isassigned to the transaction's business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.
NEW QUESTION 59
Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)
- A. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.
- B. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
- C. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.
- D. When you have an AP invoice that is matched againsta PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
Answer: A,B
NEW QUESTION 60
A consulting services company is currently working on a businesstransformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)
- A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
- B. Dr Accounts Receivables 40,000Cr Revenue 40,000
- C. Dr Unearned Revenue 40,000Cr Revenue 40,000
- D. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
Answer: D
NEW QUESTION 61
While opening an organization tree on the Manage OrganizationTrees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)
- A. You opened the hierarchy by clicking the name.
- B. You selected theEdit iconfor opening the hierarchy.
- C. You used View Tree Version in the action menu.
- D. You usedCreate Treein the action menu.
- E. You used Create Tree Version in the action menu.
Answer: B,D
NEW QUESTION 62
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created underprojects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem?
(Choose the best answer.)
- A. The quality manager belongs to a department that is not associated with the project.
- B. The quality manager is not assigned with a supervisor.
- C. The "Require Task Managers to be Project Team Members" profile option is set to No.
- D. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
Answer: D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-po Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managersmust be project team members.
Values - No (Default) /Yes
Setup Task Name -Require Task Managers to be Project Team Members
NEW QUESTION 63
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost andActual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)
- A. Effort
- B. Remaining Plan
- C. Manual Entry
- D. Cost
Answer: D
Explanation:
Explanation
Reference: https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm Below is an example of the Financial Summary view on the Costtab of the Project Overview page.
https://admhelp.microfocus.com/ppm/en/9.42/Help/Content/UG/PjMUG/images/ProjectOverviewPage_CostTab
NEW QUESTION 64
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)
- A. percent work complete values of 0 or 100 percent
- B. lowest-level tasks set up with zero duration
- C. only one labor resource assignment with 100 effort
- D. lowest-level tasks set up with non-zero duration
- E. only one labor resource assignment with 0 effort
Answer: A,B,E
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management- Topic - Microsoft Project Prevalidation: Explained The following table describes Prevalidation rules for tasks and resource assignments.
Level
Rule
Lowest-level tasks
One labor and multiple expenseresources are allowed for a lowest-level task. Remove other resources.
Summary tasks
Only one labor resource with zero allocation is allowed for a summary task. Remove all other resources.
Milestone tasks
No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks.
Milestone tasks
Milestone tasks must have zero duration.
Milestone tasks
Only one labor resource, with zero effort, is allowed for a milestone task. Remove all other resources.
When exporting milestone tasks,ensure that the tasks:
* Are lowest-levels task with zero duration, that is, the same start and finish dates.
* Have only one labor resource assignment with zero effort.
* Have percent work complete values of 0 or 100 percent. Any other values are set to zerobefore export.
NEW QUESTION 65
Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)
- A. Project Administrator
- B. Project Manager
- C. Project Application Administrator
- D. Project Accountant
Answer: A
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-ro Project Manager has duty role 'ProjectForecast Approval Duty' assigned but Project Administrator has duty role 'Project Forecast Inquiry Duty' - no approval authority Both roles have duty role 'Project Forecast Management Duty' which enables them to Allow creation, submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)
NEW QUESTION 66
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.)
- A. Enable track missing time at project type.
- B. Enable track missing time at project template.
- C. Enable track missing time atbusiness unit.
- D. Enable track missing time at
Answer: D
NEW QUESTION 67
In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)
- A. common costs on the project/task
- B. expenditure items whose costs are applied to a single asset or multiple assets
- C. expenditure type exclusions on the Capitalized Interest rate name
- D. expenditure type exclusions on the Capitalized Interest rate schedules
- E. expenditure items whose cost spreads across multiple assets that are capitalized
Answer: B
Explanation:
Explanation
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm
NEW QUESTION 68
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statementsabout the periodic project labor demand. (Choose two.)
- A. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
- B. Labor Demand FTE is calculated as YearlyAllocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
- C. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
- D. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
Answer: B,D
Explanation:
Explanation
Reference: https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472 Project Labor Demand: How It's Calculated Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
SettingsThat Affect Project Labor Demand
Project application administrators must do the following to set up how project labor demand is calculated:
* Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
* Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note:You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determinewhich year or quarter to display.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
* Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
* Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
* Rolls up the quarterly and annual labor demand up the hierarchy.
NEW QUESTION 69
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)
- A. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
- B. Youassociate a deliverable with a task, independent of associating a requirement with a task.
- C. The association of a deliverable with a task is dependent on associating a requirement with a task.
- D. A deliverable associated with a requirement is automatically associated with the tasks createdfor that requirement.
Answer: A,B
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define-project-deliverables.
Associate deliverables with one or many tasks or requirements at any level. Associate existing deliverables to tasks or requirements or create deliverables directly for tasks or requirements. You can delete a deliverable in New status if it is not associated with tasks or requirements.
Can deliverables for projects and tasks be inherited from associated requirements?
No.A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
You associate a deliverable with a task, independent of associating a requirement with a task.
NEW QUESTION 70
......
Prepare For Realistic 1Z0-1057-21 Dumps PDF - 100% Passing Guarantee: https://www.freepdfdump.top/1Z0-1057-21-valid-torrent.html
