Oracle 1Z0-1057-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1057-22 Online Questions & Answers

• Question 81:

  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.)

  A. work type
  B. event type
  C. cost type
  D. expenditure type
  A. work type

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  Reference:

  https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?)

  In billing, you can use work types to classify work for the following purposes:

  To determine the default billable status of expenditure items. To classify cross-charge amounts into cost and revenue for cross-charge transactions. Tip: To use work types to determine whether an expenditure item is billable you must set the

  profile option Work Type Derived for Expenditure Item to Yes.

  When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type

  value for projects and project templates.

• Question 82:

  Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

  A. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
  B. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
  C. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  D. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  A. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
  C. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  D. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

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  Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management: How They Work Together Use Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise Project Portfolio Management. Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management. The following table and diagram provide an overview of the flow of information. Information Type From Application To Application Global integration information Oracle Fusion Project Portfolio Primavera P6 Enterprise Project Management Portfolio Management Projects and task definition Oracle Fusion Project Portfolio Primavera P6 Enterprise Project Management Portfolio Management Summarized project actual Oracle Fusion Project Portfolio Primavera P6 Enterprise Project quantity and cost Management Portfolio Management Project plans and progress Primavera P6 Enterprise Project Oracle Fusion Project Portfolio Portfolio Management Management Billing events Oracle Fusion Project Portfolio Primavera P6 Enterprise Project Management Portfolio Management Event completion Primavera P6 Enterprise Project Oracle Fusion Project Portfolio Portfolio Management Management

• Question 83:

  Your customer has separate organizations to maintain indirect, capital, and billing types of projects. Identify the two setups that can be used to fulfill this requirement. (Choose two.)

  A. Project Type
  B. Business Unit
  C. Project Organization Classification
  D. Organization Tree
  E. Project Accounting Business Function
  C. Project Organization Classification
  D. Organization Tree

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  Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

• Question 84:

  You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable 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 Draft Invoice 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.)

  A. Amount Based
  B. Rate Based
  C. As Incurred
  D. Percent Complete
  A. Amount Based

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  Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic ?Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill rates derive invoice amounts when the invoice method classification on a bill plan is rate based.

• Question 85:

  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.)

  A. 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.
  B. 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.
  C. 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.
  D. 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.
  A. 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.

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  Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01)

  Chapter 3 - Define Project Organizations

  Topic - Set Assignments and Project Data ?How They Work Together (Page 29) Business Unit as Set Determinant

  Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.

  Business unit is a set determinant for the project-related Reference: data objects described in the following table.

  Ref Data Object Entities

  Project Accounting Project Types

  Definition

  Project Rates Project rate

  schedules

  Project Unit as Set Determinant

  Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the Reference: data objects described in the following table.

  Ref Data Object Entities

  Project Definition Class codes, financial plan types, project plan types and project roles

  Project Transaction Expenditure types and work types

  Types

  You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set

  associated with the Project Transaction Types Reference: data object to those entities

• Question 86:

  While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

  A. project classification
  B. project type
  C. project unit
  D. project organization
  B. project type

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  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define- project.html#OAPJF220111 Asset Cost Allocation Methods The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets. You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level. Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level Asset Cost Allocation Methods The following table describes the available asset cost allocation methods.

  Method Basis of Cost Allocation Actual Units Number of units defined for each asset Current Cost Construction-in-process (CIP) cost of each asset Estimated Estimated cost of each asset Cost Standard Unit Combination of the standard unit cost and the number of units Cost defined for each asset Spread Evenly Equal allocation of cost to each asset

• Question 87:

  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.
  A. Project type can be used as a source in subledger accounting.
  B. Project type can be enabled for both billing and capitalization.
  D. Classifications can be assigned at project type.

• Question 88:

  Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)

  A. Accounting Method
  B. Journal Rules
  C. Supporting Reference: s
  D. Accounting Rule
  E. Mapping Sets
  C. Supporting Reference: s

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  Reference:

  https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357 Assignment of Supporting Reference: s

  Supporting Reference: s may be used to capture transaction values on journal entry lines. A supporting Reference: can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.

  Creating Supporting Reference: s: Explained

  Supporting Reference: s are used to store additional source information about a subledger journal entry at the line level.

  Supporting Reference: s with balances establish subledger balances for a particular source and account for a particular combination of supporting Reference: s plus the account combination.

  For example:

  If a journal line contains a supporting Reference: that includes two sources, Customer Type and Customer Name.

  Balances are created for the account combination, plus customer name and customer type. Examples of how you may want to use supporting Reference: balances are to:

  Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and Reference: attributes.

  Create balances by dimensions not captured in the chart of accounts. Reporting using dimensions not captured in the chart of accounts. Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals. Profit and loss

  balances by dimensions not captured in the chart of accounts Define supporting Reference: s to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.

• Question 89:

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

  A. 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.
  B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
  C. 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.
  D. 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.
  C. 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.
  D. 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 90:

  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 to define deliverables for your project requirements that 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 automatically associated with the tasks created for that requirement.
  B. The association of a deliverable with a task is dependent on associating a requirement with a task.
  C. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
  D. You associate a deliverable with a task, independent of associating a requirement with a task.
  C. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
  D. You associate a deliverable with a task, independent of associating a requirement with a task.

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  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define- project-deliverables.html#OAPEM1122079 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.