Exam Details

  • Exam Code
    :1Z0-1057-22
  • Exam Name
    :Oracle Project Management Cloud 2022 Implementation Professional
  • Certification
    :Project Financials Management Cloud
  • Vendor
    :Oracle
  • Total Questions
    :91 Q&As
  • Last Updated
    :May 13, 2024

Oracle Project Financials Management Cloud 1Z0-1057-22 Questions & Answers

  • Question 31:

    Identify three correct statements about project types. (Choose three.)

    A. Project type can be used as a source in subledger accounting.

    B. Project type can be enabled for both billing and capitalization.

    C. Summarization options can be specified at project type.

    D. Classifications can be assigned at project type.

    E. Project type can be associated with multiple project units.

  • Question 32:

    Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

    A. Position

    B. Dynamic

    C. Static

    D. Flexfield

    E. Job

  • Question 33:

    Select two correct statements about project classifications on a template. (Choose two.)

    A. Set Code is not required for a project class category in a project classification.

    B. Project Classification is a mandatory field on a project template.

    C. When a project is created from a template, the required project classifications must be entered.

    D. Project class category in a project classification must be associated with a Set Code.

  • Question 34:

    Which four notification templates are predefined?

    A. Password Reset Template

    B. New Account Template

    C. Forgot Password Template

    D. Forgot Username Template

    E. New Account Manager Template

  • Question 35:

    Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

    A. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

    B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

    C. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

    D. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

  • Question 36:

    You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

    A. Exceptions

    B. Accounting Calendar

    C. Workday Patterns

    D. Time Off

    E. Expenditure Type

  • Question 37:

    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 statements about the periodic project labor demand. (Choose two.)

    A. 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.

    B. Labor Demand FTE is calculated as Yearly Allocation 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 Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

  • Question 38:

    You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).

    Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.

    Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

    A. Both the contract lines create only a single invoice because they are using the same contract.

    B. Two invoices are created using the same contract.

    C. Bill set number drives the grouping of transactions.

    D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.

  • Question 39:

    Which setup option is common to both financial and project plan types?

    A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

    B. Enable the entry of plan amounts in currencies other than the project currency.

    C. Identify whether the plan type is the default selection when you create budget or forecast versions.

    D. Enable the use of a workflow for managing budget or forecasting status changes.

  • Question 40:

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

    A. Project Contract-based costing

    B. Project Contract-based billing

    C. Project Contract Collection Center

    D. Contract Team Connect

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