Oracle 1Z0-1057-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1057-23 Online Questions & Answers

• Question 51:

  Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)

  A. Person assigned for approval
  B. Prior actions
  C. Pre-approval activities
  D. Date-wise updates to the document
  E. Persons with whom it is still pending approval
  A. Person assigned for approval
  B. Prior actions
  E. Persons with whom it is still pending approval

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  Explanation/Reference:

  Status tracking is a feature that allows you to track the progress and history of project invoice approval notifications. Status tracking provides information such as who approved or rejected the invoice, when and why they took the action, who is currently assigned to approve or reject the invoice, etc. Three of the information that can be tracked as status tracking for project invoice approval notifications are: Person assigned for approval: This shows the name of the person who is currently assigned to approve or reject the invoice notification. Prior actions: This shows the list of actions that have been taken on the invoice notification by previous approvers or rejectors, such as approve, reject, request information, etc. Persons with whom it is still pending approval: This shows the list of persons who are still in the approval chain for the invoice notification and have not taken any action yet. Pre-approval activities and date-wise updates to the document are not information that can be tracked as status tracking for project invoice approval notifications. Pre-approval activities are tasks that need to be performed before submitting an invoice for approval, such as validating or transferring the invoice. Date-wise updates to the document are changes that are made to the invoice document after it has been submitted for approval, such as adjusting or reversing the invoice. Reference: https://docs.oracle.com/en/cloud/saas/project-portfoliomanagement/20c/oapfm/manage-project-invoices.html#OAPFM2356291

• Question 52:

  Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

  A. Project Tasks
  B. Project Budgets
  C. Project Billing Events
  D. Project Templates
  E. Capital Rate Schedule
  A. Project Tasks
  B. Project Budgets
  C. Project Billing Events

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm

• Question 53:

  Which application would you use to map application roles to external roles? (Choose the best answer.)

  A. Oracle Identify Manager
  B. Authorization Policy Manager
  C. BPM Work List
  D. Security Console
  B. Authorization Policy Manager

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  Explanation/Reference:

  Ref: https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333 Fusion Middleware Administrator's Guide for Authorization Policy Manager Managing Security Artifacts This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, and manage the many-to-many mapping of application roles to external roles from both the application and the external role point of view. This chapter is divided into the following sections: Managing Application Security Artifacts Viewing the External Role Hierarchy Managing the Application Role Hierarchy Mapping Application Roles to an External Role Mapping External Roles to an Application Role

  Role Mapping Policy A Role Mapping Policy is used to determine what external subjects (users, groups or External Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions

  Oracle Identity Manager ?Not used for mapping application roles to external roles How do Users Interact with Oracle Identity Manager? Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM) OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)

• Question 54:

  Which two statements are true about a project in "Draft" status? (Choose two.)

  A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
  B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
  C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
  D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
  A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
  D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

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  Explanation/Reference:

  https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.

  Project Status

  What you can do?

  Draft

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

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

  Active

  Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting. Team members can view task assignments on active projects on the Team

  Member Dashboard and My Work area. Pending Close Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting. Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area. Submitted Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting. Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting. Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.

• Question 55:

  Which three tools are available for accessing REST APIs?

  A. cURL
  B. Web Browser
  C. Oracle Transactional Business Intelligence
  D. Programming Language
  A. cURL
  B. Web Browser
  D. Programming Language

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html REST API = REpresentational State Transfer (REST) Application Programing Interface (API)

• Question 56:

  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
  B. Project Contract-based billing

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  Explanation/Reference:

  Reference http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf (Page 2) Flexible Contract-Based Billing Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution. Oracle Fusion Project Portfolio Management provides a highly flexible approach to project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines. This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

• Question 57:

  Where should you specify the Default Capitalized Interest Rate Schedule?

  A. Manage Capitalized Interest Rates page
  B. Manage Expenditure Type page
  C. Manage Capitalized Interest Rate Schedules page
  D. Manage Project Type page
  E. Manage Project Plan Type page
  D. Manage Project Type page

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  Explanation/Reference:

  The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101

• Question 58:

  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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  Explanation/Reference:

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

• Question 59:

  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.)

  A. The JOB role relevant to the China business unit is not assigned to the project accountant.
  B. The project accountant is not assigned to the external role that grants access to the China business unit.
  C. The US and UK business units are linked to different ledgers than the China business unit.
  D. The China business unit is associated with a different legal entity than the US and UK business units.
  B. The project accountant is not assigned to the external role that grants access to the China business unit.

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  Explanation/Reference:

  To access transactions for a business unit, the project accountant needs to be assigned to an external role that grants access to that business unit. The external role is defined by the security profile of the business unit and can be different for each business unit. The job role and the legal entity are not relevant for accessing transactions for a business unit. The ledger is relevant for accounting transactions, but not for project transactions. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355903

• Question 60:

  You want to create a few project roles so as to restrict access in 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? ( Choose two.)

  A. Project Executive-Security based on Project Hierarchy
  B. Project Accountant-Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
  C. Project Manager-Security based on Project Assignment
  D. Project Billing Specialist-Security based on Contract BU
  E. Project Team Member-Security based on Project Assignment
  C. Project Manager-Security based on Project Assignment
  E. Project Team Member-Security based on Project Assignment

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867