Get Latest Nov-2022 Real 1Z0-1057-21 Exam Questions and Answers FREE [Q20-Q42]

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Get Latest Nov-2022 Real 1Z0-1057-21 Exam Questions and Answers FREE

Truly Beneficial For Your Oracle Exam (Updated 93 Questions)

NO.20 As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.

Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.

All expenditure items charged to the task use the new burden schedule.

NO.21 Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two

project

expenditure item

project classification

project plan type

resource

NO.22 You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (

Project Manager- Security based on Project Assignment

Project Billing Specialist- Security based on Contract BU

Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

Project Executive- Security basedon Project Hierarchy

Project Team Member- Security based on Project Assignment

NO.23 You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program’s processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

Amount Based

Rate Based

As Incurred

Percent Complete

NO.24 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

NO.25 Which four notification templates are predefined?

Password Reset Template

New Account Template

Forgot Password Template

Forgot Username Template

New Account Manager Template

NO.26 In a Project Draft Invoice preview, quantity (hours) andunit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantityof 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

The project sendsonly the invoice header and invoice line description to Receivables, not the invoice distributions.

The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.

The project sends only the invoice header to Receivables, not the invoice line description and distributions.

The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

NO.27 You havedefined two expenditure types, but they are not available for selection when youenter 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 theproject unitin 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.

NO.28 Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs forrate-based planning resources. (

Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

NO.29 Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

worktype

event type

cost type

expenditure type

NO.30 You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (

Project Executive- Security basedon Project Hierarchy

Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

Project Manager- Security based on Project Assignment

Project Billing Specialist- Security based on Contract BU

Project Team Member- Security based on Project Assignment

NO.31 Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

ManageProject Plan Resource Assignment

Transfer Project

View Project Progress

Allocate Project Expense

NO.32 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.)

common costs on the project/task

expenditure type exclusions on the Capitalized Interest rate name

expenditure type exclusions on the Capitalized Interest rate schedules

expenditure items whose cost spreads across multiple assets that are capitalized

expenditure items whose costs are applied to a single asset or multiple assets

NO.33 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 andadded 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 isnot assignedto the external rolethat 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.

NO.34 You create a project schedulewith a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

Exceptions

Accounting Calendar

Workday Patterns

Time Off

Expenditure Type

NO.35 After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task listscope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

Exported setup data can befiltered by specific scope valuesif the business object has scope enabled for the setup data export.

Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.

A scope value is used to assign users who can perform a task within an implementation project.

A task list can besegmented by a scope valueand a task can be performed for each qualifying value of the selected object.

NO.36 Identify three correct statements about project types. (Choose three.)

Project type can be usedas a source

Project type can beenabled for both billing and capitaliz

Summarization options can be specified at project type.

Classifications can be assigned

Project type can be associated with multiple project units.

NO.37 Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.

Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based

Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.

Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

NO.38 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.

NO.39 Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Project Budgets

Project Tasks

Project Billing Events

Project Templates

NO.40 When scheduling the Update Project Performance Data process to run on a periodic basis, whichsummarization method would you select? (

Bulk

Detail

Incremental

Summary

NO.41 Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Use the predefined Bell Curve spread with small deviations on the spread points.

Use the predefined S-Curve spread with small deviations on the spread points.

NO.42 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

Enable track missing time at project type.

Enable track missing time at project template.

Enable track missing time atbusiness unit.